KUALA LUMPUR (Sept 6): theedgemarkets.com highlighted four stocks with momentum at Bursa Malaysia’s afternoon close today. It showed two with positive momentum, while another two had negative momentum.

Stocks with positive momentum were :

MNC Wireless Bhd — up 0.5 sen at nine sen
Rubberex Corp (M) Bhd — up 1.5 sen at 51.5 sen

Stocks with negative momentum were :

Kejuruteraan Asastera Bhd — up two sen at 32.5 sen
MESB Bhd — up 1.5 sen at 37.5 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.