KUALA LUMPUR (Mar 9): theedgemarkets.com has highlighted 13 stocks with momentum at afternoon market close today. Seven of the stocks show positive momentum while six show negative momentum.
Stocks with positive momentum are:
Cybertowers Bhd (fundamental: 0.6; valuation: 0.3) down 0.5 sen at 9.5 sen.
Wintoni Group Bhd (fundamental: 0.75; valuation: 1.2) up three sen at RM1.03.
Faber Group Bhd (fundamental: 2.5; valuation: 0.9) up 23 sen at RM3.04.
Evergreen Fibreboard Bhd (fundamental: 0.75; valuation: 1.2) up three sen at RM1.03.
Eversendai Corp Bhd (fundamental: 0.85; valuation: 2.4) up 2.5 sen at 72.5 sen.
CAM Resources Bhd (fundamental: 1; valuation: 2.4) up one sen at 38.5 sen.
Mulpha Land Bhd (fundamental: 1.3; valuation: 2.4) unchanged at 55 sen.
Stocks with negative momentum are:
Privasia Technology Bhd (fundamental: 1.8; valuation: 1.8) up 2.5 sen at 25 sen.
Petaling Tin Bhd (fundamental: 0.75; valuation: 0.9) down one sen at 29.5 sen.
ECS ICT Bhd (fundamental: 2; valuation: 2.4) down eight sen at RM1.48.
Tenaga Nasional Bhd C11 warrants (fundamental: NA; valuation: NA) down one sen at 18 sen.
Pacific & Orient Bhd (fundamental: 0.45; valuation: 1.95) up two sen at RM1.49.
United U-Li Corp Bhd (fundamental: 2.7; valuation: 2.4) up one sen at RM2.36.
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.)