KUALA LUMPUR (July 21): theedgemarkets.com highlighted three stocks with momentum at Bursa Malaysia’s afternoon close on Thursday (July 21). Two displayed positive momentum while one indicated negative momentum.

Stock with positive momentum:

Apex Healthcare Bhd — up five a sen at RM3

Ho Wah Genting Bhd — up half a sen at 15 sen

Stock with negative momentum:

PGF Capital Bhd — down four sen at RM1.06

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.