KUALA LUMPUR (May 11): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed two with positive momentum and six with negative momentum.

The stocks with positive momentum are:

Prestariang Bhd – down eight sen at RM2.50

Pasdec Bhd -- up 4.5 sen at 48 sen

The stocks with negative momentum are:

Ivory Properties Group Bhd – up two sen at 42 sen

Malaysia Smelting Corp Bhd – up 13 sen at RM2.90

Ekovest Bhd – up two sen at RM1.59

PMB Technology Bhd – down two sen at RM1.06

Hwa Tai Industries Bhd -- up three sen at 50.5 sen

KUB Malaysia Bhd -- up 1.5 sen at 33.5 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.)