KUALA LUMPUR (May 13): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed two with positive momentum and five with negative momentum.

The stocks with positive momentum are:

Majuperak Holdings Bhd down 2 sen at 34 sen 

Ideal Jacobs (Malaysia) Corporation Bhd down 1.5 sen at 19 sen

The stocks with negative momentum are:

Visdynamics Holdings Bhd unchanged at 21.5 sen

Ivory Properties Group Bhd down half a sen at 35.5 sen

Mycron Steel Bhd up 1.5 sen at 55 sen

Lee Swee Kiat Group Bhd down 1 sen at 30.5 sen

Mitrajaya Holdings Bhd down 1 sen at 73 sen  

The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.

This list is not a buy or sell recommendation. It merely tells you which stocks are seeing higher than normal volume and price movements. The share price may move up or down from this point. But the “+ve” (suggesting a rising price trend on volume) and “-ve” (suggesting a falling price trend on volume) indicators should give readers a better idea of what the market is buying and when to sell. Note also that momentum generally only persists for a short period of time.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)