KUALA LUMPUR (Mar 19): theedgemarkets.com has highlighted eight stocks and one warrant with momentum at the closing of the noon market today. Two of the stocks show positive momentum while six show negative momentum. One warrant shows negative momentum.
Stocks with positive momentum are:
Advance Information Marketing Bhd (fundamental: 1.2; valuation: 0) down 1 sen to 27 sen.
YFG Bhd (fundamental: 0.15; valuation: 0.3) down 1.5 sen to 11 sen.
Stocks with negative momentum are:
The Media Shoppe Bhd (fundamental: 2.25; valuation: 1.2) unchanged at 6.5 sen.
XingHe Holdings Bhd (fundamental: 1.2; valuation: 1.2) up 0.5 sen to 13 sen.
Ajinomoto (Malaysia) Bhd (fundamental: 1.45; valuation: 2.4) up 3 sen to RM6.06.
Konsortium Transnasional Bhd (fundamental: 0.3; valuation: 1.2) up 3.5 sen to 34.5 sen.
China Automobile Parts Holdings Limited (fundamental: 1.95; valuation: 18) unchanged at 53.5 sen.
Farm’s Best Bhd (fundamental: 0.35; valuation: 1.2) down 1 sen to 80 sen.
Warrant with negative momentum is:
DRB-Hicom Bhd’s DRBHCOMC12 unchanged at 18 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.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations. Go to www.theedgemarkets.com for details)