KUALA LUMPUR (Jan 15): theedgemarkets.com has highlighted 6 stocks with momentum at afternoon market close today. Two stocks show positive momentum while the other four stocks show negative momentum.
The stocks with positive momentum are:
C.I. Holdings Bhd, up 26 sen or 9.92% at RM2.80.
Aturmaju Resources Bhd, up 1.5 sen or 1.89% at 81sen.
Stocks with negative momentum are:
UMS-Neiken Group Bhd, up 14 sen or 12.28% at RM1.28.
Guan Chong Bhd, up 5 sen or 3.21% at RM1.61.
Concrete Engineering Products Bhd, up 7 sen or 3.59% at RM2.02.
Seal Incorporated Bhd, up 1.5 sen or 2.48% at 62 sen.
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.)