KUALA LUMPUR (May 16): theedgemarkets.com highlighted 16 stocks with momentum at Bursa Malaysia’s afternoon market close today. One stock showed positive momentum and the rest showed negative momentum.

The stock with positive momentum is:

Choo Bee Metal Industries Bhd (fundamental: 2.05; valuation: 2) up 28 sen at RM2.40

The stocks with negative momentum are:

OSK Ventures International Bhd (fundamental: 1.95; valuation: 1.8) up 3.5 sen at 78.5 sen

Raya International Bhd (fundamental: 1.95; valuation: 0) up one sen at 26 sen

Peterlabs Holdings Bhd (fundamental: 1.3; valuation: 0.8) up one sen at 35 sen

Landmarks Bhd (fundamental: 1.25; valuation: 0.9) up 6.5 sen at 94 sen

Lion Diversified Holdings Bhd (fundamental: 0.2; valuation: 0) up half sen at seven sen

Tong Herr Resources Bhd (fundamental: 2.8; valuation: 01.4) up 12 sen at RM3.58

AYS Ventures Bhd (fundamental: 0.8; valuation: 2.6) up three sen at 55 sen

BP Plastics Holding Bhd (fundamental: 2.1; valuation: 1.4) up four sen at RM1.56

Tune Protect Group Bhd (fundamental: 1.8; valuation: 1.95) up nine sen at RM1.50

Leon Fuat Bhd (fundamental: 0.6; valuation: 2.4) up 2.5 sen at 77 sen

Kwantas Corp Bhd (fundamental: 0.2; valuation: 0.9) up five sen at RM1.70

AHB Holdings Bhd (fundamental: 2.05; valuation: 0.7) up 1.5 sen at 23.5 sen

DKLS Industries Bhd (fundamental: 1.9; valuation: 2.4) up four sen at RM2.06

SP Setia Bhd (fundamental: 1.6; valuation: 2) up 28 sen at RM3.98

Leweko Resources Bhd (fundamental: 0.65; valuation: 0.3) up three sen at 37.5 sen

Jerasia Capital Bhd (fundamental: 0.35; valuation: 1.15) up 1.5 sen at 72 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.