KUALA LUMPUR (March 7): theedgemarkets.com highlighted 11 stocks with negative momentum at Bursa Malaysia’s afternoon close on Tuesday (March 7).

The stocks with negative momentum were:

• AirAsia X Bhd (AAX) — up six sen at 90.5 sen;
• CAB Cakaran Corp Bhd — up three sen at 62 sen;
• Capital A Bhd — up three sen at 77 sen;
• Golden Pharos Bhd — up two sen at 33 sen;
• Lay Hong Bhd — up one sen at 29 sen;
• Lii Hen Industries Bhd — up one sen at 89.5 sen;
• LYC Healthcare Bhd — up 1.5 sen at 31.5 sen;
• Minda Global Bhd — unchanged at 13 sen;
• Propel Global Bhd — unchanged at 23 sen;
• PWF Corp Bhd — up three sen at 57.5 sen;
• UMedic Group Bhd — down 3.5 sen at 82 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.

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.