KUALA LUMPUR (Feb 20): theedgemarkets.com highlighted 15 stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed one with positive momentum and 14 with negative momentum.

Stock with positive momentum was:

Sig Gases Bhd – up 2 sen at 57.5 sen

Stocks with negative momentum were:

Tecnic Group Bhd – up 1 sen at 76.5 sen

Choo Bee Metal Industries Bhd – up 15 sen at RM1.92

GHL Systems Bhd – up 3.5 sen at RM1.01

Lysaght Galvanized Steel Bhd – up 10 sen at RM3.70

Tafi Industries Bhd – up 2.5 sen at 46.5 sen

Caely Holdings Bhd – up 0.5 sen at 51 sen

Ajinomoto (M) Bhd – up 34 sen at RM14.50

Gromutual Bhd - up 0.5 sen at 43.5 sen

Seremban Engineering Bhd – up 4 sen at 53 sen

Classic Scenic Bhd – up 4 sen at RM1.96

Symphony Life Bhd – up 3.5 sen at 77 sen

Zhulian Corp Bhd – up 11 sen at RM1.63

Elsoft Research Bhd – up 3 sen at RM1.65

Iskandar Waterfront City Bhd – up 9 sen at RM1.32

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.