KUALA LUMPUR (Nov 10): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close on Wednesday (Nov 10). All stocks displayed negative momentum.

The stocks were:

EP Manufacturing Bhd — up eight sen at RM1.22

HPMT Holdings Bhd — up three sen at 69 sen

Milux Corp Bhd — up 12 sen at RM1.38

Nova Wellness Group Bhd — up two sen at 93.5 sen

Pintaras Jaya Bhd — up 14 sen at RM2.96

RCE Capital Bhd — up 17 sen at RM3.96

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.