KUALA LUMPUR (Aug 1): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon close on Monday (Aug 1). Seven stocks showed negative momentum, while two stocks had positive momentum.

The stocks with negative momentum were:

Metronic Global Bhd - unchanged at 14 sen

Classic Scenic Bhd - up 2.5 sen at 79 sen

Fibon Bhd - up three sen at 39 sen

Jentayu Sustainables Bhd - up two sen at 51 sen

PCCS Group Bhd - up two sen at 57.5 sen

Rohas Tecnic Bhd - up 1.5 sen at 30 sen

Teladan Setia Group Bhd - up nine sen at 83 sen

The stocks with positive momentum were:

PGF Capital Bhd - up three sen at RM1.18

Sedania Innovator Bhd - down one sen at 42.5 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.