KUALA LUMPUR (Jan 13): theedgemarkets.com highlighted one stock with positive momentum and 14 stocks with negative momentum at Bursa Malaysia's afternoon close on Friday (Jan 13).

The stock with positive momentum was:

• Pantech Group Holdings Bhd – up three sen or 4.49% at 81 sen

The stocks with negative momentum were:

• Ancom Nylex Bhd – up five sen or 4.35% at RM1.20
• D&O Green Technologies Bhd – up 10 sen or 2.20% at RM4.65
• Dancomech Holdings Bhd – up one sen or 2.47% at 41 sen
• Ewein Bhd – up four sen or 13.04% at 39 sen
• Inta Bina Group Bhd – remained unchanged at 24 sen
• Leon Fuat Bhd – up four sen or 8.49% at 57 sen
• Oceancash Pacific Bhd – up half a sen or 1.45% at 35 sen
• Pelikan International Corp Bhd – down half a sen or 1.22% at 40 sen
• Redtone Digital Bhd- up half a sen or 0.97% at 52 sen
• TEX Cycle Technology (M) Bhd – up six sen or 8.70% at 75 sen
• Tune Protect Group Bhd – up half a sen or 1.39% at 36 sen
• Unisem (M) Bhd – up two sen or 0.68% at RM2.94
• WCE Holdings Bhd – up two sen or 5.97% at 35 sen
• Zen Tech International Bhd – up one sen or 40% at 3.5 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.