KUALA LUMPUR (Aug 4): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon close on Thursday (Aug 4). Three stocks indicated positive momentum while two stocks had negative momentum.

The stocks with positive momentum were:

Chin Well Holdings Bhd - up two sen at RM1.82

Global Oriental Bhd - unchanged at 32 sen

Southern Cable Group Bhd - up one sen at 37.5 sen

The stocks with negative momentum were:

PCCS Group Bhd - down one sen at 56.5 sen

PGF Capital Bhd - up two sen at RM1.18

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.