KUALA LUMPUR (Apr 13): theedgemarkets.com has highlighted 11 stocks with momentum at afternoon market close today. Two of the stocks show positive momentum while nine show negative momentum.
Stocks with positive momentum are:
Poh Kong Holdings Bhd (fundamental: 0.95; valuation: 1.4) down 2 sen at 55.5 sen
AWC Bhd(fundamental: 2.8; valuation: 1.4) up 2.5 sen sen at 47.5sen
Stocks with negative momentum are:
Asdion Bhd (fundamental: 1.65; valuation: 0.3) up 8sen at 88 sen
Scicom (MSC) Bhd (fundamental: 3; valuation: 2.1) up 10 sen at RM2.20
ConnectCounty Holdings Bhd(fundamental: 0.95; valuation: 0.3) down 0.5 sen at 19 sen
Mikro MSC Bhd (fundamental: 2.55; valuation: 2.1) up 2.5 sen at 40.5 sen
Frontken Corp Bhd(fundamental: 1.8; valuation: 0.8) up 0.5 sen at 22 sen
Insas Bhd (fundamental: 2.3; valuation:1.8) up 5 sen at 96 sen
Complete Logistic Services Bhd(fundamental: 2.1; valuation:2) up 1 sen at 91.5 sen
Kia Lim Bhd (fundamental: 0.8; valuation: 2.4) up 1.5 sen at 56.5 sen
Eksons Corp Bhd(fundamental:2.55; valuation: 2.4) up 4 sen at RM1.58
The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in tradingvolume 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 momentumgenerally 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.)