KUALA LUMPUR (Sept 15): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon close on Thursday (Sept 15). Two stocks displayed positive momentum, while six indicated negative momentum.

The stocks with positive momentum were:

• Samaiden Group Bhd ― up 1.5 sen at 77 sen;
• Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) ― up three sen at 42.5 sen;

The stocks with negative momentum were:

• OpenSys (M) Bhd ― up 0.5 sen at 38 sen;
• Aimflex Bhd ― up 1.5 sen at 16.5 sen;
• Volcano Bhd ― up one sen at 47 sen;
• Siab Holdings Bhd ― up 0.5 sen at 17 sen;
• Harrisons Holdings (M) Bhd ― up 80 sen at RM7.30;
• SAM Engineering & Equipment (M) Bhd ― up 21 sen at RM5.20.

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.