KUALA LUMPUR (Mar 13): theedgemarkets.com has highlighted 13 stocks with momentum at afternoon market close today. Two of the stocks show positive momentum while 11 show negative momentum.
Stocks with positive momentum are:
Focus Lumber Bhd (fundamental: 1.75; valuation: 2.40) up eight sen at RM1.44
Dominant Enterprise Bhd (fundamental: 1.10; valuation: 2.40) up two sen at RM1.28
Stocks with negative momentum are:
Boilermech Holdings Bhd (fundamental: 2.30; valuation: 1.50) unchanged at RM1.51
Idmension Consolidated Bhd (fundamental: 0.95; valuation: 0.60) unchanged at 12.5 sen
Sumatec Resources Bhd (fundamental: 2.40; valuation: 0.30) up 0.5 sen at 25.5 sen
Olympia Industries Bhd (fundamental: 0.20; valuation: 0.90) unchanged at 14.5 sen
Eversendai Corporation Bhd (fundamental: 0.85; valuation: 2.40) up three sen at 79.5 sen
Sasbadi Holdings Bhd (fundamental: 2.25; valuation: 0.30) up four sen at RM1.71
A&M Realty Bhd (fundamental: 2.30; valuation: 2.40) up four sen at RM1.11
Box-Pak (Malaysia) Bhd (fundamental: 0.60; valuation: 1.80) up four sen at RM1.97
Ablegroup Bhd (fundamental: 1.20; valuation: 1.20) unchanged at 16 sen
Ire-Tex Corporation Bhd (fundamental: 1.40; valuation: 2.40) up 3.5 sen at 37.5 sen
Bright Packaging Industry Bhd (fundamental: 1.30; valuation: 0.90) up one sen at 62.5 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 on a company’s financial dashboard.)