KUALA LUMPUR (Nov 21): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon market close today. There are four stocks for the positive momentum while only one for the negative momentum.

Stock with positive momentum were:

E.A. Technique (M) Bhd - up to 1 sen at 52.5 sen

Formosa Prosonic Industries Bhd - up to 2 sen at RM1.89

Hexza Corporation Bhd - up to 3 sen at 78.5 sen

Tatt Giap Group Bhd - down to 0.5 sen at 23 sen

Stock with negative momentum was:

Imaspro Corporation Bhd - down to 9 sen at RM2.18

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.