KUALA LUMPUR (May 2): theedgemarkets.com highlighted 23 stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed two with positive momentum and 21 with negative momentum.

Stocks with positive momentum were:

Ablegroup Bhd – up 8 sen at 20 sen

Censof Holdings Bhd – up 4.5 sen at 39.5 sen

Stocks with negative momentum were:

Malaysia Airports Holdings Bhd – up 40 sen at RM8

Ajiya Bhd – down 2.5 sen at 88.5 sen

Ancom Bhd – up 4 sen at 82 sen

Advance Synergy Bhd – up 2 sen at 22 sen

AYS Ventures Bhd – up 1.5 sen at 43.5 sen

Cuscapi Bhd – up 2 sen at 32.5 sen

Dancomech Holdings Bhd – down 1 sen at RM1.70

Hai-O Enterprise Bhd – up 8 sen at RM3.89

Iris Corp Bhd – down 1 sen at 19.5 sen

Kelington Group Bhd – up 3.5 sen at 66.5 sen

Kumpulan Powernet Bhd – up 8 sen at 67.5 sen

Leweko Resources Bhd – up 1.5 sen at 27 sen

Lion Forest Industries Bhd – up 2.5 sen at 57.5 sen

MWE Holdings Bhd – up 11 sen at RM1.73

Petron Malaysia Refining & Marketing Bhd – up 30 sen at RM7.10

Prestar Resources Bhd – up 5 sen at RM1.03

SCC Holdings Bhd – up 4 sen at RM2.02

Sunzen Biotech Bhd – up 1 sen at 35.5 sen

TA Enterprise Bhd – up 3 sen at 68.5 sen

Tekala Corp Bhd – up 4 sen at 52.5 sen

WCE Holdings Bhd – up 5 sen at RM1.57

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.