KUALA LUMPUR (Dec 2): theedgemarkets.com highlighted one stock with positive momentum and eleven stocks with negative momentum at Bursa Malaysia's afternoon close on Friday.

The stock with positive momentum was:

• Perdana Petroleum Bhd — up 1.5 sen or 13.04% at 13 sen

The stocks with negative momentum were:

• Artroniq Bhd — up two sen or 3.23% at 64 sen
• Cahya Mata Sarawak Bhd (CMS) — up five sen or 4.5% at RM1.16
• Ge-Shen Corp Bhd — up 4.5 sen or 4.52% at RM1.04
• GFM Services Bhd — up 1.5 sen or 6.98% at 23 sen
• K-One Technology Bhd — up two sen or 15.38% at 15 sen
• Progressive Impact Corp Bhd — up half a sen or 2.44% at 21 sen
• Sinmah Capital Bhd — up one sen or 8.33% at 13 sen
• Systech Bhd — up one sen or 4.55% at 23 sen
• Tiong Nam Logistics Holdings Bhd — unchanged at 68.5 sen
• Tomei Consolidated Bhd — up four sen or 4.17% at RM1
• UOA Real Estate Investment Trust (UOA REIT) — up one sen or 0.88% at RM1.14

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.