KUALA LUMPUR (Nov 5): theedgemarkets.com highlighted 16 stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed one with positive momentum and 15 with negative momentum.

The stocks with positive momentum are:

Rexit Bhd (valuation: 1.7; fundamental: 1.95) up four sen at 58 sen

The stocks with negative momentum are:

Johore Tin Bhd (valuation: 1.4; fundamental: 1) up 15 sen at RM2.55

AHB Holdings Bhd (valuation: 0.9; fundamental: 1.65) up half sen at 22.5 sen

Eupe Corp Bhd (valuation: 1.4; fundamental: 1.25) up two sen at 90 sen

Sern Kou Resources Bhd (valuation: 0.9; fundamental: 0.55) up one sen at 67 sen

M-Mode Bhd (valuation: 1.2; fundamental: 1.45) up one sen at 49.5 sen

Malaysia Packaging Industry Bhd (valuation: 0.9; fundamental: 0.35) up five sen at 55 sen

Lee Swee Kiat Group Bhd (valuation: 1.1; fundamental: 1.7) up half sen at 32.5 sen

Wang-Zheng Bhd (valuation: 2.6; fundamental: 2.1) up eight sen at 73 sen

Tien Wah Press Holdings Bhd (valuation: 2; fundamental: 1.4) flat at RM1.82

Sanichi Technology Bhd (valuation: 1.5; fundamental: 0.9) up one sen at 9.5 sen

ECS ICT Bhd (valuation: 2.4; fundamental: 2) up six sen at RM1.59

Symphony Life Bhd (valuation: 2.4; fundamental: 1.3) up two sen at 81 sen

Tex Cycle Technology (M) Bhd (valuation: 0.5; fundamental: 2.25) up three sen at RM1.45

Benalec Holdings Bhd (valuation: 1.6; fundamental: 1.25) up one sen at 61 sen

Gadang Holdings Bhd (valuation: 1.8; fundamental: 1.7) up four sen at RM1.83

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.)