KUALA LUMPUR (Feb 16): theedgemarkets.com highlighted 10 stocks at Bursa Malaysia’s afternoon close on Wednesday (Feb 16). Four stocks showed positive momentum while six stocks had negative momentum.

The stocks with positive momentum were:

Ablegroup Bhd - down two sen at 16 sen

Chin Well Holdings Bhd - up seven sen at RM1.65

Econframe Bhd - up two sen at 56 sen

MKH Bhd - unchanged at RM1.33

The stocks with negative momentum were:

Bermaz Auto Bhd - up one sen at RM1.73

FM Global Logistics Holdings Bhd - up 1.5 sen at 89.5 sen

KKB Engineering Bhd - up one sen at RM1.55

Managepay Systems Bhd - up one sen at 23 sen

Oversea Enterprise Bhd - up half a sen at 14 sen

Yong Tai Bhd - up half a sen at 12.5 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.