CWorks, CCK, Farms Best

CWorks, CCK, Farms Best
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KUALA LUMPUR (Jan 28): theedgemarkets.com highlighted three stocks with momentum at Bursa Malaysia’s noon market close today. None of the stocks has a positive momentum.  

The three stocks being picked are:

CWorks Systems Bhd gained one sen or 1.9% at 53.5 sen, for a market capitalisation of RM63.5 million.

CCK Consolidated Holdings Bhd down five sen or 4% to RM1.20, with a market capitalisation of RM194.1 million.

The stocks with negative momentum are:

Farms Best Bhd up 0.5 sen or 0.65% at 77 sen, giving it a market capitalistion of RM46.7 million.

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.

(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.)