KUALA LUMPUR (Apr 10): theedgemarkets.com has highlighted six stocks with momentum after trading resumed at Bursa Malaysia today. One of the stocks shows positive momentum while five show negative momentum.
The stock with positive momentum is:
Complete Logistic Services Bhd (fundamental: 1.1; valuation: 2) down one sen at 91 sen (at about 3:15pm)
Stocks with negative momentum are:
Netx Holdings Bhd (fundamental: 1.65; valuation: 0.6) unchanged at eight sen
Visdynamics Holdings Bhd (fundamental: 2.5, valuation: 0.6) down 0.5 sen at 30.5 sen
Frontken Corp Bhd (fundamental: 1.8, valuation: 1.4) up 2.5 sen at 21.5 sen
Poh Kong Holdings Bhd (fundamental: 0.95, valuation: 1.4) up two sen at 57.5 sen
Ho Wah Genting Bhd (fundamental: 0.35, valuation 0.3) up 0.5 sen at 16.5 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.
(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.)