KUALA LUMPUR (March 30): theedgemarkets.com highlighted 8 stocks with momentum at Bursa Malaysia’s afternoon close today. 1 stock displayed positive momentum, while 7 showed negative momentum.

Stocks with positive momentum were:

I-Bhd – up 4 sen at 32.5 sen

Stocks with negative momentum were:

Berjaya Corp Bhd – up 1.5 sen at 35 sen

Leon Fuat Bhd – up 3 sen at 71 sen

Minda Global Bhd – up 2 sen at 10.5 sen

Mulpha International Bhd – up 9 sen at RM1.59

Pantech Group Holdings Bhd – unchanged at 49.5 sen

Paragon Globe Bhd – up 30 sen at 89.5 sen

WCE Holdings Bhd – up 1.5 sen at 49.5 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.