KUALA LUMPUR (Jan 13): theedgemarkets.com highlighted 13 stocks with momentum at Bursa Malaysia's afternoon market close today. Two stocks showed positive momentum while eleven stocks had negative momentum.
Stocks with positive momentum were:
Golden Pharos Bhd - up 3.5 sen at 55.5 sen
Dufu Technology Corp Bhd - up 10.5 sen at 61.5 sen
Stocks with negative momentum were:
SIG Gases Bhd - up 2.5 sen at 65 sen
BHS Industries Bhd - up one sen at 54.5 sen
Tien Wah Press Holdings Bhd - up four sen at RM3.21
Dolomite Corp Bhd - up three sen at 62.5 sen
Concrete Engineering Products Bhd - up one sen at RM1.82
KPS Consortium Bhd - up two sen at 58.5 sen
Acoustech Bhd - up 1.5 sen at 71 sen
BIG Industries Bhd - up two sen at 77 sen
PCCS Group Bhd - up 4.5 sen at 78 sen
Silver Ridge Holdings Bhd - down one sen at 14.5 sen
Jaya Tiasa Holdings Bhd - up two sen at RM1.72
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.)