KUALA LUMPUR (Dec 10): theedgemarkets.com highlighted nine stocks at Bursa Malaysia's afternoon market close. Three stocks showed positive momentum while six indicated negative momentum.
Stocks with positive momentum were:
CWorks Systems Bhd - up three sen at 30 sen
Comfort Gloves Bhd - up five sen at 88 sen
N2N Connect Bhd - up four sen at 99 sen
Stocks with negative momentum were:
Chuan Huat Resources Bhd - up 0.5 sen at 51.5 sen
Guan Chong Bhd - down three sen at RM1.26
A-Rank Bhd - up 1.5 sen at 61.5 sen
Thong Guan Industries Bhd - up three sen at RM2.81
Rubberex Corp (M) Bhd - up 0.5 sen at 84.5 sen
ManagePay Systems Bhd - up 1.5 sen at 29.5 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 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.)