KUALA LUMPUR (Feb 8): theedgemarkets.com highlighted one stock with positive momentum and 11 stocks with negative momentum at Bursa Malaysia's afternoon close on Wednesday (Feb 8).

The stock with positive momentum was:

• MNRB Holdings Bhd — up 6.5 sen or 7.1% at 98 sen

The stocks with negative momentum were:

• Willowglen MSC Bhd — unchanged at 39.5 sen
• AppAsia Bhd — up one sen or 8% at 13.5 sen
• Ocean Vantage Holdings Bhd — up one sen or 5.71% at 18.5 sen
• Samaiden Group Bhd — up three sen or 3.66% at 85 sen
• Southern Cable Group Bhd — up half a sen or 1.49% at 34 sen
• Volcano Bhd — up two sen or 3.6% at 57.5 sen
• Sarawak Cable Bhd — up one sen or 10% at 11 sen
• Velesto Energy Bhd — down half a sen or 2.04% at 24 sen
• Techbond Group Bhd — unchanged at 43.5 sen
• MCE Holdings Bhd — up four sen or 2.7% at RM1.52
• OKA Corp Bhd — up two sen or 2.47% at 83 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.