KUALA LUMPUR (Aug 8): theedgemarkets.com has highlighted five stocks with momentum at afternoon market close today. Three stocks showed positive momentum while the other two displayed negative negative momentum.

The stocks with positive momentum were:

Rexit Berhad down 3 sen to 91.5 sen

Kronologi Asia Bhd down 5 sen to 83 sen

Sig Gases Bhd down 3 sen to RM1.14

The stocks with negative momentum were:

Palette Multimedia Bhd unchanged at 8 sen

Eonmetall Group Bhd up 2 sen to 80.5 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.