KUALA LUMPUR (March 23): theedgemarkets.com highlighted 23 stocks with momentum at Bursa Malaysia's afternoon market close today. Two stocks showed positive momentum while 21 displayed negative momentum.

Stocks with positive momentum were:

Panpages Bhd – up 4.5 sen at 33 sen

YGL Convergence Bhd – up two sen at 15 sen

Stocks with negative momentum included :

MWE Holdings Bhd – down two sen at RM1.38

CCM Duopharma Biotech Bhd – up 16 sen at RM2.42

Cuscapi Bhd – up 8.5 sen at 32.5 sen

Systech Bhd – up four sen at 29.5 sen

Karyon Industries Bhd – up two sen at 27 sen

Efficient E-Solutions Bhd – up 23 sen at 52 sen

Fibon Bhd – up three sen at 75.5 sen

Industronics Bhd – up 2.5 sen at 26 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.