KUALA LUMPUR (April 15): theedgemarkets.com has highlighted 10 stocks with momentum at afternoon market close today. Only one of the stock show positive momentum while nine show negative momentum.
The stock with positive momentum is:
Denko Industrial Corporation (fundamental: valuation) up 2.5 sen or 9.8% at 28sen.
The stocks with negative momentum are:
IFCA MSC Bhd (fundamental: 3; valuation:1.1), up 16sen or 11.43% ar RM1.56.
Visdynamics Holdings Bhd(fundamental: 2.5;valuation:0.6) up 2.5 sen ot 7.46% at 36sen.
Careplus Group Bhd(fundamental: 0.6; valuation:1.1) up 1.5sen or 2.14% at 71.5sen.
APFT Bhd (fundamental: 0.2; valuation:0.3) unchaged at 20.5sen.
Globaltec Formation Bhd (fundamental: 0.95;valuation:0.3 ) up 0.5sen or 7.14% at 7.5sen.
Only World Group Holdings Bhd( fundamental: n/a; valuation:n/a) up 14sen or 7.0% at RM2.14.
Pasdec Holdings Bhd(fundamental: 0.65; valuation:2.0) up 0.5sen or 1.01% at 50 sen.
Komarkcorp Bhd(fundamental: 0.2;valuation:1.2) up 1.5sen or 2.54% at 60.5sen.
Ken Holdings Bhd( fundamental: 2.3; valuation: 2.4) up 6 sen or 5.31% at RM1.19.
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: 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.)