KUALA LUMPUR (Sept 14): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon close on Wednesday. All five stocks indicated negative momentum.

The stocks with negative momentum were:

• Kim Teck Cheong Consolidated Bhd ― down half a sen at 18 sen;
• Aimflex Bhd ― down half a sen at 15 sen;
• Samaiden Group Bhd ― unchanged at 72.5 sen;
• PMB Technology Bhd ― up five sen at RM4.38;
• Classic Scenic Bhd ― down two sen at RM1.23.

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.