KUALA LUMPUR (Oct 7): theedgemarkets.com highlighted 15 stocks with momentum at Bursa Malaysia’s afternoon close today.

14 stocks displayed negative momentum while one showed positive momentum.

The stocks with negative momentum were:

Harbour-Link Group Bhd – up 14 sen at RM1.66

Jade Marvel Group Bhd – unchanged at 59 sen

Kerjaya Prospek Group Bhd – up one sen at RM1.26

Nextgreen Global Bhd – up 13 sen at 94 sen

Negri Sembilan Oil Palms Berhad – up five sen at RM3.39

OKA Corp Bhd – up four sen at 92 sen

Only World Group Holdings Bhd – up two sen at 56 sen

Plenitude Bhd – up 15 sen at RM1.23

Southern Acids (M) Bhd – up 10 sen at RM3.87

SC Estate Builder Bhd – up two sen at 14 sen

Sin Heng Chan (Malaya) Bhd – unchanged at 62 sen

Seni Jaya Corp Bhd – up 20 sen at RM2.80

Tasco Bhd – up nine sen at RM1.17

TH Plantations Bhd – up 13 sen at 77 sen

The stock with positive momentum was:

Theta Edge Berhad – up 23 sen at RM1.88

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.