KUALA LUMPUR (May 24): 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:

Scope Industries Bhd – up 1.5 sen at 18 sen

Versatile Creative Bhd -- up five sen at RM1.46

The stocks with negative momentum are: 

Muar Ban Lee Group Bhd – up 2.5 sen at 88 sen

AWC Bhd – up 1.5 sen at 77.5 sen

Hwa Tai Industries Bhd – up one sen at 54 sen

AE Multi Holdings Bhd – down one sen at 15 sen

Signature International Bhd -- up seven sen at RM1.13

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.)