KUALA LUMPUR (Aug 9): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia on Tuesday (Aug 9). One stock indicated positive momentum while six stocks had negative momentum.

The stock with positive momentum was:

Optimax Holdings Bhd — down 1.5 sen at 62.5 sen

The stocks with negative momentum were:

APB Resources Bhd — down one sen at 82 sen

KYM Holdings Bhd — down 5.5 sen at 78.5 sen

Pecca Group Bhd — up one sen at 84.5 sen

PGF Capital Bhd — up one sen at RM1.18

Southern Cable Group Bhd — up one sen at 37.5 sen

Yoong Onn Corp Bhd — up four sen at RM1.12

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.