KUALA LUMPUR (Jan 19): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed three with positive momentum and five with negative momentum.

Stocks with positive momentum were:

SILK Holdings Bhd – up 4.5 sen or 11.11% at 45 sen.

Cuscapi Bhd – up 1 sen or 6.67% at 16 sen.
Diversified Gateway Solutions Bhd – up 1 sen or 25% at 5 sen.
Stocks with negative momentum were:
Mega First Corp Bhd – up 5 sen or 2.04% at RM2.50.
JAKS Resources Bhd – up 3 sen or 2.52% at RM1.22.
MHC Plantations Bhd – up 2.5 sen or 2.69% at 95.5 sen.
Signature International Bhd – up 3 sen or 3.68% at 84.5 sen.
TDM Bhd – up 1 sen or 1.33% at 76 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.