KUALA LUMPUR (Sept 15): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed two stocks with positive momentum and fives stocks with negative momentum.

Stocks with positive momentum were: 

AbleGroup Bhd - up 3.57% or half a sen at 14.5 sen

Genetec Technology Bhd - up 8.49% or 9 sen at RM1.15

Stocks with negative momentum were:

Cheetah Holdings Bhd - unchanged at 53 sen

Poh Kong Holdings Bhd - up 6.06% or 4 sen at 70 sen

Petaling Tin Bhd - up 4.05% or 1.5 sen at 38.5 sen

Tomei Consolidated Bhd - up 2.08% or 2 sen at 98 sen

Yong Tai Bhd - up 3.36% or 5 sen at RM1.54

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.