KUALA LUMPUR (April 28): theedgemarkets.com highlighted one stock with positive momentum and five stocks with negative momentum at Bursa Malaysia's afternoon close on Friday (April 28).

The stock with positive momentum was:

• Komarkcorp Bhd — down half a sen or 4.35% at 11 sen

The stocks with negative momentum were:

• Silver Ridge Holdings Bhd — up one sen or 3.23% at 32 sen
• WCE Holdings Bhd — up half a sen or 1.05% at 48 sen
• Konsortium Transnasional Bhd — up 1.5 sen or 6.25% at 25.5 sen
• Pelikan International Corp Bhd — up 6.5 sen or 7.93% at 88.5 sen
• SHH Resources Holdings Bhd — down half a sen or 0.57% at 87.5 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.