KUALA LUMPUR (Feb 20): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close on Monday (Feb 20). Three stocks displayed positive momentum, while the other three indicated negative momentum.

The stocks with positive momentum were:

• Yoong Onn Corp Bhd — up three sen at RM1.48
• Digi.Com Bhd — up eight sen at RM4.38
• Uzma Bhd — up three sen at 66 sen

The stocks with negative momentum were:

• KPJ Healthcare Bhd — up four sen at RM1.10
• Ho Wah Genting Bhd — unchanged at 14.5 sen
• Bertam Alliance Bhd — unchanged at 7.5 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.