KUALA LUMPUR (April 20): theedgemarkets.com has highlighted 13 stocks with momentum at afternoon market close today. Two stocks show positive momentum while eleven show negative momentum.
The stocks with positive momentum are:
Solution Engineering Holdings (fundamental: 2.5; valuation:1.5 ) down 1 sen or 2.94% at 33sen.
Century Logistics Holdings Bhd(fundamental: 2.3;valuation:2.4 ) up 1.5 sen or 1.68% at 91sen.
The stocks with negative momentum are:
RGB International Bhd(fundamental: 1.7;valuation:1.2 ) up 0.5 sen or 3.03% at 17sen.
Cuscapi Bhd(fundamental:1.25 ;valuation:0.3 ) up 1.5 sen or 6.82% at 23.5sen.
ConnectCounty Holdings Bhd(fundamental: 0.95;valuation:0 ) up 0.5sen or 2.33% at 22sen.
Asia Poly Holdings Bhd(fundamental: 0.55;valuation:0.8 ) down 1.5 sen or 3.49% at 41.5 sen.
Frontken Corporation BHd (fundamental: 1.8;valuation:0.3) up 2.5sen or 9.8% at 28sen.
Sunsuria Bhd (fundamental: 2.5;valuation: 0.8) up 5sen or 3.14% at RM1.64.
MESB Bhd (fundamental: 2.6;valuation:2.1 ) up 6.5sen or 6.99% at 99.5sen.
Eden Inc Bhd(fundamental: ;valuation: )up 2 sen or 6.67% at 32sen.
Mulpha Land Bhd(fundamental:1.3 ;valuation: 1.1) up 10sen or 12.5% at 90sen.
FSBM Holdings Bhd(fundamental:1.35 ;valuation:0 ) up 2.5sen or 6.58% at 40.5sen.
Nationwide Express Courier Services Bhd(fundamental:1.85 ;valuation:0.3 ) up 7sen or 6.73 at RM1.11.
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.)