KUALA LUMPUR (May 17): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. Three with positive momentum and three with negative momentum.

The stocks with positive momentum were:

Borneo Aqua Harvest Bhd - up 6 sen at RM1.20

Ecofirst Consolidated Bhd - down one sen at 30 sen

Kumpulan Perangsang Selangor Bhd - up 4 sen at RM1.74

The stocks with negative momentum were:

New Hoong Fatt Holdings Bhd - up 3 sen at RM3.47

Petronas Chemicals Group Bhd (RHB) - up one sen at 18 sen

PMB Technology Bhd - up 25 sen at RM3.54

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.