KUALA LUMPUR (Jan 9): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed one with positive momentum and seven with negative momentum.

The stock with positive momentum was:

Notion VTec Bhd – down 0.5 sen at 63.5 sen

Stocks with negative momentum were:

Bintai Kinden Corp Bhd – up 1.5 sen at 26 sen

BTM Resources Bhd – up one sen at 28.5 sen

Dataprep Holdings Bhd – up two sen at 22.5 sen

Dufu Technology Corp Bhd– up three sen at 74.5 sen

Econpile Holdings Bhd – up eight sen at RM1.98

Emico Holdings Bhd – up 2.5 sen at 28 sen

Favelle Favco Bhd – up four sen at RM2.46

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.