KUALA LUMPUR (Aug 9): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia's afternoon market close today. Two stocks displayed positive momentum while four stocks showed negative momentum.

The stock with positive momentum was:

Boustead Plantations Bhd – unchanged at RM1.66

CCK Consolidated Holdings Bhd – up 3 sen at RM1.06

The stocks with negative momentum were:

Eonmetall Group Bhd – up 3.5 sen at 83.5 sen

Press Metal Aluminium Holdings Bhd – up 30 sen at RM3.24

Petaling Tin Bhd – up 2 sen at 35 sen

Straits Inter Logistics Bhd – up 0.5 sen at 20.5 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.