KUALA LUMPUR (May 25): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon close today. The list showed one stock with positive momentum and seven stocks with negative momentum.

Stocks with positive momentum were:

AE Multi Holdings Bhd – unchanged at 15.5 sen

Stocks with negative momentum were:

Eonmetall Group Bhd – unchanged at 66.5 sen

Brite-Tech Bhd – unchanged 34 sen

TMC Life Sciences Bhd – unchanged at 83.5 sen

Menang Corporation (M) Bhd – unchanged at 90.5 sen

Visdynamics Holdings Bhd – unchanged at 20.5 sen

Wong Engineering Corporation Bhd – unchanged at 61.5 sen

Tex Cycle Technology (M) Bhd – unchanged at RM1.27

The list of stocks with momentum is generated using a propriety 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.

However, each stock has an accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks, if they want to ride the momentum.