KUALA LUMPUR (April 12): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon close on Tuesday (April 12). 

Only one stock displayed positive momentum, while the other four indicated negative momentum.

The stock with positive momentum was:

Mycron Steel Bhd — up 7.5 sen at 56.5 sen

The stocks with negative momentum were:

MNC Wireless Bhd — up 1.5 sen at 4.5 sen

YTL Corp Bhd — down half a sen at 63.5 sen

Sarawak Oil Palms Bhd — up 20 sen at RM6.24

TWL Holdings Bhd — up half a sen at nine 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.