Scan, Focus Lumber, Vsolar, Ingenco, Peterlabs, Nylex, AmanahRaya REIT, Ablegroup, Dominant, Dufu. SHH, Ajiya, DGB Asia

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KUALA LUMPUR (March 24): 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:
 
Scan Associates Bhd (fundamental: 0; valuation: 0.3) was traded one sen or 8% higher at 13.5 sen.
 
Focus Lumber Bhd (fundamental: 1.75; valuation: 2.4) was traded at RM1.55, up seven sen or 4.73%.
 
Stocks with negative momentum are:
 
Vsolar Group Bhd (fundamental: 0.6; valuation: 0.3) was traded at 28 sen, up three sen or 12%. 
 
Ingenuity Consolidated Bhd (fundamental: 0.95; valuation: 0.9) was traded unchanged at eight sen. 
 
Peterlabs Holdings Bhd (fundamental: 1.7; valuation: 1.8) was traded two sen or 7.02% higher at 30.5 sen. 
 
Nylex (M) Bhd (fundamental: 0.75; valuation: 1.8) was traded at 60 sen, up one sen or 1.69%.
 
Amanahraya REIT (fundamental:1.3; valuation: 3) was traded unchanged at 91 sen. 
 
Ablegroup Bhd (fundamental:0.8; valuation: 1.2) was traded at 17.5 sen, up one sen or 6.06%. 
 
Dominant Enterprise Bhd (fundamental: 1.1; valuation: 3) was up five sen or 3.47% at RM1.49.
 
Dufu Technology Corp Bhd (fundamental: 1.4; valuation: 1.2) was traded at 38 sen, up 1.5 sen or 4.11%. 
 
SHH Resources Holdings Bhd (fundamental: 2.5; valuation: 2.4) up six sen or 4.35% to trade at RM1.44. 
 
Ajiya Bhd (fundamental: 2.1; valuation: 1.2) was traded at RM2.60, up eight sen or 3.17%. 
 
DGB Asia Bhd (fundamental: 1.65; valuation: 0.3) up one sen or 7.41% to trade at 14.5 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. 
 
(Notes: 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.)