KUALA LUMPUR (Nov 9): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon close on Tuesday (Nov 9). Three stocks displayed positive momentum, while five showed negative momentum.

The stocks with positive momentum were:

GUH Holdings Bhd – down 5.5 sen at 72 sen

Insas Bhd – up 4 sen at RM1.10

Jade Marvel Group Bhd – down 0.5 sen at 65 sen

The stocks with negative momentum were:

CAB Cakaran Corporation Bhd – up 1.5 sen at 52.5 sen

IQ Group Holdings Bhd – up 21 sen at RM1.69

JF Technology Bhd – down 3 at RM1.55

Only World Group Holdings Bhd – down 0.5 sen at 57 sen

Pimpinan Ehsan Bhd – up 14 sen at RM1.78

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.