KUALA LUMPUR (Jan 5): theedgemarkets.com highlighted four stocks with positive momentum and three stocks with negative momentum at Bursa Malaysia's afternoon close on Thursday (Jan 5).

The stocks with positive momentum were:

• Alcom Group Bhd — up two sen or 2.17% at 94 sen
• LB Aluminium Bhd — up 5.5 sen or 10% at 60 sen
• SMRT Holdings Bhd — up 1.5 sen or 10% at 16 sen
• XL Holdings Bhd — up two sen or 2.48% at 82 sen

The stocks with negative momentum were:

• AirAsia X Bhd — up 5.5 sen or 8.21% at 72 sen
• UCrest Bhd — up at one sen or 8% at 13.5 sen
• Y&G Corp Bhd — down two sen or 2.42% at 80 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.