KUALA LUMPUR (March 16): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon close on Thursday (March 16). Two stocks showed positive momentum, while three stocks had negative momentum. 

The stocks with positive momentum were: 

• CAB Cakaran Corp Bhd — up 5.5 sen at 64.5 sen 
• Vsolar Group Bhd — unchanged at one sen 

The stocks with negative momentum were: 

• AirAsia X Bhd (AAX) — up 10 sen at RM1.38 
• Gagasan Nadi Cergas Bhd — up half a sen at 34 sen 
• SMRT Holdings Bhd — up one sen at 52.5 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.