KUALA LUMPUR (Oct 6): theedgemarkets.com highlighted 13 stocks with momentum at Bursa Malaysia’s afternoon close on Wednesday.

11 stocks displayed negative momentum, while two showed positive momentum.

The stocks with negative momentum were:

Cepatwawasan Group Bhd — unchanged at 72 sen

China Ouhua Winery Holdings Ltd — down 1.5 sen at 8.5 sen

Innoprise Plantations Bhd — up one sen at RM1.28

Kluang Rubber Company (Malaya) Bhd — up 19 sen at RM4.49

Nylex (Malaysia) Bhd — up six sen at RM1.23

Sungei Bagan Rubber Company (Malaya) Bhd — up 16 sen at RM4.06

Sin Heng Chan (Malaya) Bhd — up three sen at 62 sen

Sarawak Oil Palms Bhd — up 23 sen at RM3.82

Subur Tiasa Holdings Bhd — up 22 sen at RM1.52

Sarawak Plantation Bhd — up 13 sen at RM2.53

TDM Bhd — up one sen at 27 sen

The stocks with positive momentum were:

HPMT Holdings Bhd — up two sen at 70 sen

Suria Capital Holdings Bhd — up two sen at RM1.32

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.