KUALA LUMPUR (Nov 29): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon close on Tuesday (Nov 29). Four stocks displayed positive momentum, while the other five indicated negative momentum.

The stocks with positive momentum were:

MQ Technology Bhd ― up one sen at five sen

K Seng Seng Corp Bhd ― up 13.5 sen at 84 sen

Kumpulan Perangsang Selangor Bhd (KPS) ― up 2.5 sen at 75.5 sen

Master-Pack Group Bhd ― up 17 sen at RM2.36

The stocks with negative momentum were:

Paramount Corp Bhd ― up 3.5 sen at 75 sen

Johan Holdings Bhd ― unchanged at 5.5 sen

Affin Bank Bhd ― up six sen at RM2.49

Spritzer Bhd ― up four sen at RM2.07

Progressive Impact Corp ― up half a sen at 20 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 an accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks if they want to ride the momentum.