KUALA LUMPUR (March 24): theedgemarkets.com
has highlighted 15 stocks with momentum at afternoon market close today. Two of the stocks show positive momentum while 13 show negative momentum.
Stocks with positive momentum are:
Signature International Bhd (fundamental: 2.3; valuation: 1.8) was traded unchanged at RM2.24.
Mulpha Land Bhd (fundamental:1.3; valuation: 1.8) up 4.5 sen or 7.2% at 67 sen.
Stocks with negative momentum are:
Tex Cycle Technology (M) Bhd (fundamental: 2.55; valuation:1.8) down half a sen or 0.94% at 52.5 sen.
Visdynamcis Holdings Bhd (fundamental: 2.5; valuation: 0.6) up 10 sen or 3.51% at 29.5 sen.
SCC Holdings Bhd (fundamental:1.95; valuation: 2.1) up 15 sen or 9.43% at RM1.74
Peterlabs Holdings Bhd (fundamental: 1.7; valuation: 1.8) was unchanged at 25 sen.
Focus Lumber Bhd (fundmental:1.75; valuation: 2.4) up three sen or 2.05% at RM1.49.
China Automobile Parts Holdings Ltd (fundamental: 1.95; valuation: 1.8) unchanged at 35 sen.
Sasbadi Holdings Bhd (fundamental:2.25; valuation:0.3) up seven sen or 3.95% at RM1.84.
Tekala Corporation Bhd (fundamental: 0.6; valuation:1.2) up 3.5 sen or 10.77% at 36 sen.
Niche Capital Emas Holdings Bhd (fundamental: 0.75; valuation: 0.6) up two sen or 11.43% at 19.5 sen.
CYL Corporation Bhd (fundamental: 2.1; valuation: 3) up three sen or 5% at 63 sen.
Imaspro Corporation Bhd (fundamental:1.45; valuation: 0.6) up 22 sen or 13.84% at RM1.81.
Superlon Holdings Bhd (fundamental:2.4; valuation:2.4) up two sen or 1.79% at RM1.14.
Super Enterprise Holdings Bhd (fundamental: 2.5; valuation: 2.4) up 22 sen or 10.73% at RM2.27.
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.)