KUALA LUMPUR (July 15): theedgemarkets.com highlighted two stocks with momentum at Bursa Malaysia's afternoon close on Friday (July 15). One stock displayed positive momentum while the other indicated negative momentum.

Stock with positive momentum:

Perak Transit Bhd — down half a sen at 84 sen

Stock with negative momentum:

Eonmetall Group Bhd — up 2.5 sen at 63 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 accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks if they want to ride the momentum.