KUALA LUMPUR (Feb 17): theedgemarkets.com highlighted eight stocks at Bursa Malaysia’s afternoon close on Thursday (Feb 17). Two stocks showed positive momentum while six stocks had negative momentum.

The stocks with positive momentum were: 

Carlsberg Brewery Malaysia Bhd — up RM1.94 at RM22.14

Vinvest Capital Holdings Bhd — up 8.5 sen at 55 sen

The stocks with negative momentum were: 

Hap Seng Plantations Holdings Bhd — up five sen at RM2.29

Teo Seng Capital Bhd — up 4.5 sen at 84.5 sen 

REDtone Digital Bhd — unchanged at 46 sen 

Esthetics International Group Bhd — up one sen at 39.5 sen 

Cam Resources Bhd — up one sen at 36.5 sen 

AbleGroup Bhd — up half a sen at 16.5 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.