KUALA LUMPUR (May 3): theedgemarkets.com highlighted two stocks with positive momentum and three stocks with negative momentum at Bursa Malaysia's afternoon close on Wednesday (May 3).

The stocks with positive momentum were:

Silver Ridge Holdings Bhd — up one sen or 3.03% at 34 sen

WCE Holdings Bhd — up half a sen or 1% to 50.5 sen

The stocks with negative momentum were:

Paramount Corp Bhd — remained unchanged at 80.5 sen

Konsortium Transnasional Bhd — down 1.5 sen or 5.45% at 26 sen

PWF Corp Bhd — down three sen or 4.05% at 71 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.