KUALA LUMPUR (Oct 28): theedgemarkets.com highlighted 10 stocks with momentum at Bursa Malaysia's afternoon market close today.
Five of the stocks show positive momentum while another five negative momentum.
The stock with positive momentum include:
Careplus Group Bhd, up six sen at 56.5 sen
Komarkcorp Bhd up 3.5 sen at 60 sen
Seremban Engineering Bhd fell 7 sen at 69 sen
Symphony House Bhd added 0.5 sen at 18 sen
ES Ceramics Technology Bhd down 5.5 sen at 49.5 sen.
The stocks with negative momentum are
Triplc Bhd up 2 sen at RM1.61
Abric Bhd up 1.5 sen at 58.5 sen
Gadang Holdings Bhd up 3 sen at RM1.54
Tek Seng Holdings Bhd up 5 sen at 62.5 sen
Johor Tin Bhd gained 1 sen at RM2.05
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 on a company’s financial dashboard.)