KUALA LUMPUR (Nov 5): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close on Friday. 

Three stocks displayed positive momentum, while another three indicated negative momentum.

The stocks with positive momentum were:

Radiant Globaltech Bhd – down 1.5 sen at 41 sen

Focus Lumber Bhd – up 4.5 sen at 98.5 sen

Dominant Enterprise Bhd – down two sen at RM1.03

The stocks with negative momentum were:

Oriental Interest Bhd – up two sen at RM1.10

RCE Capital Bhd – up 14 sen at RM3.76

RGT Bhd – up 2.5 sen at 76 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.