KUALA LUMPUR (Mar 27): theedgemarkets.com has highlighted 10 stocks with momentum at afternoon market close today. Two of the stocks show positive momentum while eight show negative momentum.
Stocks with positive momentum are:
Ingenuity Consolidated Bhd (fundamental: 0.95; valuation: 0.9) up 0.5 sen at 8 sen
Boon Koon Group Bhd (fundamental: 0.15; valuation: 1.2) unchanged at 13 sen
Stocks with negative momentum are:
ES Ceramics Technology Bhd (fundamental: 3; valuation: 1.5) up 1.5 sen at 32 sen
SCC Holdings Bhd(fundamental: 1.95; valuation: 2.1) up 15 sen at RM1.94
Heitech Padu Bhd(fundamental: 0.35; valuation: 1.2) down 0.5 sen at 60 sen
Can-One Bhd(fundamental: 1.1; valuation: 1.2) up 5 sen at RM2.85
APFT Bhd (fundamental: 0.2; valuation: 0.3) unchanged at 17.5sen
V.S Industry Bhd (fundamental: 1.1; valuation: 2.4) down 2 sen at RM4.39
Mulpha Land Bhd (fundamental:1.3;valuation:1.8) up 8 sen at 77.5 sen
Jasa Kita Bhd (fundamental: 1.3; valuation: 1.2) up 0.5sen at 18 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.)