Scan Associates, Salcon, PUC Founder, Integrated Rubber Corp, Sunsuria, Astino, Century Bond, Comintel Corp, Hovid, KESM Industries, Suiwah Corp

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KUALA LUMPUR (Apr 21): theedgemarkets.com has highlighted 11 stocks with momentum at  afternoon market close today. Three of the stocks show positive momentum while seven show negative momentum.

Stocks with positive momentum are:

Scan Associates Bhd (fundamental: 0; valuation: 0) up 1 sen at 13.5 sen

Salcon Bhd (fundamental: 1.75; valuation: 1.2)  up 6.5 sen at 93 sen

Stocks with negative momentum are:

PUC Founder (MSC) Bhd (fundamental: 2.15; valuation: 1.1) up 0.5 sen at 17 sen

Integrated Rubber Corp  Bhd (fundamental: 1.8; valuation: 0) up 3.5 sen at 85.5 sen

Sunsuria Bhd (fundamental: 2.5; valuation: 0.8) up 6 sen at RM1.71

Astino Bhd (fundamental: 1.3; valuation: 3.0) up 3 sen at 88 sen

Century Bond Bhd (fundamental: 2.05; valuation: 1.4) up 2 sen at RM1.56

Comintel Corp Bhd (fundamental: 0.35; valuation: 0.9) up 0.5 sen at 26 sen

Hovid Bhd (fundamental: 2.5; valuation: 2.0) up 3 sen at 56 sen

KESM Industries Bhd (fundamental: 1.3; valuation: 2.4) up 14 sen at RM3.03

Suiwah Corp Bhd (fundamental: 1.8; valuation: 2.0) up 6 sen at RM2.85

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.)