KUALA LUMPUR (March 11): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed one with positive momentum and four with negative momentum.
The stock with positive momentum is:
ML Global Bhd (valuation: 1.1; fundamental: 1.3) up five sen at 52.5 sen
The stocks with negative momentum are:
Aturmaju Resources Bhd (valuation: 1.3; fundamental: 0) up two sen at RM1.46
Kimlun Corp Bhd (valuation: 1.8; fundamental: 1.7) down three sen at RM1.70
Eka Noodles Bhd (valuation: 0; fundamental: 0.2) up half sen at 19 sen
Len Cheong Holdings Bhd (valuation: 0.9; fundamental: 1) up one sen at 32.5 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.)