Focus Dynamics, Puncak Niaga, Rexit, D&O, Destini, BTM, Jag, Frontken, Cypark, Huat Lai

Focus Dynamics, Puncak Niaga, Rexit, D&O, Destini, BTM, Jag, Frontken, Cypark, Huat Lai
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KUALA LUMPUR (Nov 3): highlighted nine stocks at Bursa Malaysia's afternoon market close today. Two stocks showed positive momentum while seven displayed negative momentum.

Stocks with positive momentum were:

Focus Dynamics Technologies Bhd — up 1.5 sen at nine sen

Puncak Niaga Holdings Bhd — up 13 sen at RM2.97

Stocks with negative momentum were:

Rexit Bhd — down 0.5 sen at 54 sen

D&O Green Technologies Bhd — up 1.5 sen at 39.5 sen

Destini Bhd — down 1.5 sen at 60 sen

BTM Resources Bhd — down 2.5 sen at 38.5 sen

Jag Bhd — up 1.5 sen at 14 sen

Frontken Corp Bhd — up one sen at 24.5 sen

Cypark Resources Bhd — up one sen at RM1.87

Huat Lai Resources Bhd — up 41 sen at RM4.21
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.)