KUALA LUMPUR (Nov 16): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close on Tuesday (Nov 16). Two stocks showed positive momentum, while four stocks indicated negative momentum.

The stocks with positive momentum were:

Yinson Holdings Bhd — up 34 sen at RM6.09

Caely Holdings Bhd — up 1.5 sen at 39.5 sen

The stocks with negative momentum were:

MyTech Group Bhd — up 95 sen at RM6.80

Gagasan Nadi Cergas Bhd — down half a sen at 33 sen

Pantech Group Holdings Bhd — down two sen at 61.5 sen

Perak Transit Bhd — up 2.5 sen at 70.5 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.