KUALA LUMPUR (Oct 5): theedgemarkets.com highlighted eight stocks at Bursa Malaysia’s afternoon close today. One stock displayed positive momentum while the other seven indicated negative momentum.

The stocks with positive momentum were:

Prolexus Bhd – up 22 sen to RM1.44

The stocks with negative momentum were:

Astino Bhd – up 0.5 sen to 72 sen

D’Nonce Technology Bhd – up three sen to 70 sen

Jerasia Capital Bhd – up 9.5 sen to 46 sen

JF Technology Bhd – up 25 sen to RM3.80

Poh Huat Resources Holdings Bhd – up 24 sen to RM1.86

Technodex Bhd – unchanged at 18 sen

Wong Engineering Corp Bhd – up 7.5 sen to 99 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.