KUALA LUMPUR (Apr 14): theedgemarkets.com has highlighted nine stocks with momentum at Bursa Malaysia's afternoon market close today. Four of the stocks show positive momentum while five show negative momentum.
Stocks with positive momentum are:
Willowglen MSC Bhd (fundamental: 0.9; valuation: 3) up 5.5 sen at 94.5 sen
Lien Hoe Corp Bhd (fundamental: 0.55; valuation: 1.2) up 1.5 sen at 36 sen
Syarikat Takaful Malaysia Bhd (fundamental: 0.95; valuation: 1.5) up 40 sen at RM14.50
Federal Furniture Holdings (M) Bhd (fundamental: 1; valuation: 1.4) up one sen at 45 sen
Stocks with negative momentum are:
Sunsuria Bhd (fundamental: 2.5; valuation: 0.8) up nine sen at RM1.60
Knusford Bhd (fundamental: 1.8; valuation: 3) up two sen at RM1.86
Kia Lim Bhd (fundamental: 0.8; valuation: 2.4) up 3.5 sen at 60.5 sen
Oka Corp Bhd (fundamental: 2.4; valuation: 2.4) up one sen at RM1.02
Ken Holdings Bhd (fundamental: 2.3; valuation: 2.4) up three sen at RM1.12
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.)