KUALA LUMPUR (Feb 25): theedgemarkets.com highlighted eight stocks at Bursa Malaysia’s afternoon close on Friday (Feb 25). Seven stocks indicated negative momentum, while one showed positive momentum. 

The stocks with negative momentum were: 

Sarawak Oil Palms Bhd — up 54 sen at RM5.91

Cepatwawasan Group Bhd — up 5.5 sen at 99 sen 

Country Heights Holdings Bhd — up 24 sen at RM2.50 

Golden Pharos Bhd — up four sen at 33.5 sen 

MAG Holdings Bhd — up one sen at 22.5 sen 

Petron Malaysia Refining & Marketing Bhd — down 12 sen at RM4.96

Riverview Rubber Estates Bhd — up 10 sen at RM3.60 

The stock with positive momentum was: 

Hap Seng Plantations Holdings Bhd — up four sen at RM2.70 

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.