KUALA LUMPUR (May 17): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon market close today. All nine stocks showed negative momentum.

The stocks are:

Aemulus Holdings Bhd - unchanged at 52.5 sen

Fajarbaru Builder Group Bhd –  1 sen higher at 93.5 sen

Heitech Padu Bhd –  up 4 sen at 91.5 sen

London Biscuits Bhd – unchanged at 78 sen

Mclean Technologies Bhd – up 1 sen at 26.5 sen

Mudajaya Group Bhd – up 9 sen at RM1.33
 
Rexit Bhd –  up 3 sen at 89.5 sen

TSR Capital Bhd – up 4.5 sen at 82 sen

Unimech Group Bhd – unchanged at RM1.16

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.