KUALA LUMPUR (June 1) : theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon close today. Only one stock displayed positive momentum, while the remaining seven showed negative momentum.

The stock with positive momentum was:

Sand Nisko Capital Bhd - down one sen at 86 sen

Seven stocks with negative momentum were:

Duopharma Biotech Bhd - down 10 sen at RM3.20

Manulife Holdings Bhd - up two sen at RM2.28

Pharmaniaga Bhd - down 60 sen at RM5.97

Sunzen Biotech Bhd - up five sen at 25.5 sen

TAS Offshore Bhd - up four sen at 41 sen

Tomei Consolidated Bhd - up seven sen at RM1.40

UCrest Bhd - down five sen at 43 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.