KUALA LUMPUR (Aug 2): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon close today.

Four stocks displayed negative momentum, while one showed positive momentum.

The stocks with negative momentum were:

Eurospan Holdings Bhd — up 18 sen at RM1.37

Harn Len Corp Berhad — up six sen at 88 sen

MI Technovation Bhd — up 15 sen at RM4.04

Resintech Bhd — up 12 sen at 72 sen

The stock with positive momentum was:

Esthetics International Group Bhd — down one sen at 51 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.