KUALA LUMPUR (Aug 4): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed one with positive momentum and seven with negative momentum.

Stocks with positive momentum were:

Comfort Gloves Bhd – up 2.5 sen at 98 sen

Stocks with negative momentum were:

CCK Consolidated Holdings Bhd – up 1 sen at 98.5 sen

Jaycorp Bhd – up 2 sen at RM1.52

Johan Holdings Bhd – up 2.5 sen at 33 sen

Poh Huat Resources Holdings Bhd – up 2 sen at RM1.97

PWF Consolidated Bhd – up 3 sen at RM1.08

Rexit Bhd – up 4.5 sen at 94.5 sen

TRC Synergy Bhd – up 2.5 sen at 78.5 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.