KUALA LUMPUR (Dec 22): theedgemarkets.com highlighted 13 stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed one with positive momentum and 12 with negative momentum.

The stock with positive momentum is:

Pan Malaysia Corp Bhd — up 1.5 sen at 26 sen

The stocks with negative momentum are:

Emico Holdings Bhd — down three sen at 38 sen

PRG Holdings Bhd — up four sen at 83.5 sen

Ni Hsin Resources Bhd — up 1.5 sen at 32 sen

Minho (M) Bhd — up one sen at RM1.46

United U-Li Corp Bhd — up one sen at RM4.75

Pensonic Holdings Bhd — up 3.5 sen at 62 sen

P.I.E Industrial Bhd — up 54 sen at RM10.54

Yee Lee Corp Bhd — up 13 sen at RM2.15

Farms Best Bhd — up 6.5 sen at 67.5 sen

Techfast Holdings Bhd — up 2.5 sen at 24 sen

SMTrack Bhd — up half sen at 12.5 sen

GD Express Carrier Bhd — up five sen at RM1.74

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.)