KUALA LUMPUR (Feb 9): theedgemarkets.com highlighted one stock with positive momentum and nine stocks with negative momentum at Bursa Malaysia's afternoon close on Thursday (Feb 9).

The stock with positive momentum was:

• MLABS Systems Bhd — up half a sen at 2.5 sen

The stocks with negative momentum were:

• DKSH Holdings (M) Bhd — up 15 sen at RM4.75
• Homeritz Corp Bhd — up half a sen at 53.5 sen
• Hume Cement Industries Bhd — up eight sen at RM1.08
• Meta Bright Group Bhd — unchanged at 18 sen
• Ocean Vantage Holdings Bhd — up 1.5 sen at 20 sen
• Progressive Impact Corp Bhd — up 1.5 sen at 30 sen
• SDS Group Bhd — up four sen at 83.5 sen
• Star Media Group Bhd — up a sen at 32.5 sen
• Volcano Bhd — up four sen at 63 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.