KUALA LUMPUR (Feb 17): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon close today. Two stocks displayed positive momentum while seven showed negative momentum.

Stocks with positive momentum were:

Green Ocean Corp Bhd – down 1.5 sen at 13 sen

MUI Properties Bhd – up four sen at 23.5 sen

Stocks with negative momentum were:

RGB International Bhd – up one sen at 21 sen

Focus Point Holdings Bhd – up 2.5 sen at 69.5 sen

MClean Technologies Bhd – up one sen at 36.5 sen

Hexza Corp Bhd – up four sen at 84.5 sen

Astino Bhd – up 2.5 sen at 75.5 sen

TH Heavy Engineering Bhd – up one sen at 13.5 sen

Omesti Bhd – up 1.5 sen at 61.5 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.