KUALA LUMPUR (April 2): theedgemarkets.com highlighted 12 stocks with momentum at Bursa Malaysia’s afternoon close today. One stock displayed positive momentum, while 11 showed negative momentum.

Stocks with positive momentum were:

Solid Automotive Bhd – up 2 sen at 26 sen

Stocks with negative momentum were:

Berjaya Land Bhd – up 5.5 sen at 47 sen

LB Aluminium Bhd – up 6 sen at 82 sen

Luster Industries Bhd – up 1.5 sen at 23 sen

Minda Global Bhd – up 1.5 sen at 13 sen

Pensonic Holdings Bhd – up 3.5 sen at 71 sen

Paragon Globe Bhd – up 21 sen at RM1.40

Perak Corporation Bhd – unchanged at 36 sen

SCC Holdings Bhd – up 3 sen at 47 sen

Sentoria Group Bhd – up 0.5 sen at 16 sen

Symphony Life Bhd – up 2.5 sen at 86 sen

UCrest Bhd – unchanged at 25 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.