KUALA LUMPUR (Mar 5): theedgemarkets.com has highlighted 10 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:
Wintoni Group Bhd (fundamental: 2; valuation: 0.3) up 0.5 sen at 26 sen
Mieco Chipboard Bhd (fundamental: 0.65; valuation: 1.2) up two sen at 73 sen
Jiankun International Bhd (fundamental: 0.6; valuation: 0.6) up 1.5 sen at 36.5 sen
Stocks with negative momentum are:
Cybertowers Bhd (fundamental: 0.6; valuation: 0) up one sen at five sen
Inari Amertron Bhd (fundamental: 2.7; valuation: 2.1) up 12 sen at RM3.25
Fraser & Neave Holdings Bhd (fundamental: 2.1; valuation: 0.9) up eight sen at RM18.60
Complete Logistic Services Bhd (fundamental: 2.1; valuation: 1.8) up 2.5 sen at 90.5 sen
SCGM Bhd (fundamental: 3; valuation: 2.1) up one sen at RM2.46
Mulpha Land Bhd (fundamental: 1.3; valuation: 2.4) up 0.5 sen at 49.5 sen
EG Industries Bhd (fundamental: 0.55; valuation: 2.1) up 2.5 sen at 84 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 valuation score and fundamental 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.)
http://www.theedgemarkets.com
