Sunsuria, Oriented Media, Opcom, Peterlabs, Tasco, TPC, Lee Swee Kiat, Leweko

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KUALA LUMPUR (Mar 11): theedgemarkets.com has highlighted eight stocks with momentum on Bursa Malaysia at afternoon market close today. One of the stocks shows positive momentum while seven show negative momentum.

The stock with positive momentum is :

Sunsuria Bhd (fundamental: 2.5; valuation: 1.2) up six sen at RM1.63.

Stocks with negative momentum are :

Oriented Media Group Bhd (fundamental: 0.6; valuation: 0.3) unchanged at 18 sen.

Opcom Holdings Bhd (fundamental: 2.2; valuation: 1.8) up 11.5 sen at 82 sen.

Peterlabs Holdings Bhd (fundamental: 2.1; valuation: 1) up one sen at 21 sen.

Tasco Bhd (fundamental: 1.8; valuation: 2.4) up 11 sen at RM3.23.

TPC Plus Bhd (fundamental: 0.75; valuation: 0.6) up eight sen at 55 sen.

Lee Swee Kiat Group Bhd (fundamental: 1.4; valuation: 1.5) up five sen at 27.5 sen.

Leweko Resources Bhd (fundamental: 0.35; valuation: 1.2) up two sen at 20 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.)