KUALA LUMPUR (Feb 28): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia afternoon market close today. Three stocks showed positive momentum while two had negative momentum.
 
Stocks with positive momentum were:

AT Systematization Bhd - unchanged at four sen

IGB Corp Bhd - up three sen at RM2.93

TA Global Bhd - up one sen at 31.5 sen
 
Stocks with negative momentum were:

Mieco Chipboard Bhd - up two sen at RM2.05

Thong Guan Industries Bhd - down 30 sen at RM4.46
 
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.