Only World, A-Rank, PRG, C.I, Censof, Iskandar Waterfront ,Three-A, Niche Capital, Kia Lim

Only World, A-Rank, PRG, C.I, Censof, Iskandar Waterfront ,Three-A, Niche Capital, Kia Lim
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KUALA LUMPUR (Dec 30): theedgemarkets.com highlighted nine stocks at Bursa Malaysia's afternoon market close today. Two stocks showed positive momentum while seven stocks had negative momentum.

Stocks with positive momentum were:

Only World Group Holdings Bhd - up five sen at RM3.10

A-Rank Bhd - up two sen at 66 sen

Stocks with negative momentum were:

PRG Holdings Bhd - up 0.5 sen at 91.5 sen

C.I. Holdings Bhd - up four sen at RM2.62

Censof Holdings Bhd - up 1.5 sen at 32.5 sen

Iskandar Waterfront City Bhd - down two sen at RM1
 
Three-A Resources Bhd - unchanged at RM1.08

Niche Capital Emas Holdings Bhd - unchanged at 18.5 sen

Kia Lim Bhd - up 1.5 sen at 76.5 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.)