KUALA LUMPUR (Aug 22): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia's afternoon close on Monday (Aug 22). Three stocks indicated negative momentum, while three stocks had positive momentum.

The stocks with negative momentum were:

APB Resources Bhd — unchanged at RM1.10

MTAG Group Bhd — up two sen at 52.5 sen

Thong Guan Industries Bhd — unchanged at RM2.66

The stocks with positive momentum were:

Classic Scenic Bhd — down one sen to RM1

Optimax Holdings Bhd — up 3.5 sen at 66.5 sen

Pasdec Holdings Bhd — unchanged at 34 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.

For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com