D'nonce, Century Logistics, Pensonic, Samudra, Rubberex, Emico

stocks_with_momentum_theedgemarkets

stocks_with_momentum_theedgemarkets

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KUALA LUMPUR, (July 21): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia's afternoon market close today. 

Stocks with positive momentum are:

D'nonce Technology Bhd (fundamental: 0.95; valuation: 0.9) up 1.5 sen at 54.5 sen

Century Logistics Holdings Bhd (fundamental: 2.6; valuation: 2.4) up 6.5 sen at RM1.06 

Pensonic Holdings Bhd (fundamental: 0.35; valuation: 2.4) up 0.5 sen at 47.5 sen

Stocks with negative momentum are :

Kejuruteraan Samudra Timur Bhd (fundamental: 1.55; valuation: 1.8) up three sen at 57 sen

Rubberex Corp (M) Bhd (fundamental: 1.4; valuation: 2.6) up three sen at 80 sen

Emico Holdings Bhd (fundamental: 1.4; valuation: 1.5) up 0.5 sen at 22.5 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.

(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.)