KUALA LUMPUR (Aug 14): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon market close today. Three stocks displayed positive momentum while the other four stocks showed negative momentum.

Stock with positive momentum was:

Jadi Imaging Holdings Bhd - up 0.5 sen or 8.33% at 6.5 sen

Kejuruteraan Asastera Bhd - up 1.5 sen or 6.25% at 25.5 sen

SMTrack Bhd - up 1 sen or 5.13% at 20.5 sen

Stocks with negative momentum were:

Acme Holdings Bhd - down 4 sen or 13.33% at 26 sen

CRG Inc Bhd - up 0.5 sen or 9.09% at 6 sen

MNC Wireless Bhd - unchanged at 8 sen

Parlo Bhd - up 1 sen or 13.33% at 8.5 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.