KUALA LUMPUR (March 26): theedgemarkets.com highlighted 8 stocks with momentum at Bursa Malaysia’s afternoon close today. Two stock displayed positive momentum, while 6 showed negative momentum.

Stocks with positive momentum were:

Eupe Corp Bhd – up 10 sen at RM1.03

MAA Group Bhd – up 1 sen at RM1

Stocks with negative momentum were:

HPMT Holdings Bhd – up 6.5 sen at 61 sen

Matang Bhd – up 1.5 sen at 12.5 sen

Nextgreen Global Bhd – up 0.5 sen at 52 sen

Pineapple Resources Bhd – up 17.5 sen at 95 sen

Resintech Bhd – up 1 sen at 47.5 sen

Success Transformer Corp Bhd – up 1.5 sen at 88 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.