KUALA LUMPUR (Jan 18): theedgemarkets.com
highlighted five stocks with momentum at Bursa Malaysia's afternoon market close today. Only one stock showed with positive momentum and four with negative momentum.
The stocks with positive momentum are:
Dufu Technology Corp Bhd, which rose three sen or 5.22% to trade at 60.5 sen as at midday trading break, with a trading volume off 9.92 million. The current price gives it a market capitalisation of RM100.9 million.
The stocks with negative momentum are:
UMS-Neiken Group Bhd slid one sen or 0.78% at RM1.28, for a market capitalisation of RM101.4 million.
C.I. Holdings Bhd fell three sen or 1.03% to RM2.87, bringing its market capitalisation to RM469.8 million.
Resintech Bhd rose 1.5 sen or 3.45% at 45 sen apiece, for a market capitalisation of RM59.7 million.
Nylex (M) Bhd was unchanged at 63.5 sen, with a market capitalisation of RM122.2 million.
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.
(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.)