KUALA LUMPUR (April 29): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon close today. The list showed two stocks with positive momentum and six stocks with negative momentum.
Stocks with positive momentum were:
NWP Holdings Bhd – flat at 40.5 sen
YNH Property Bhd – flat at RM2.00
Stocks with negative momentum were:
SP Setia Bhd Group – flat at RM3.23
Dutch Lady Milk Industries Bhd – flat at RM53.00
Pos Malaysia Bhd – flat at RM2.90
Hiap Teck Venture Bhd – flat at 51.5 sen
Excel Force MSC Bhd – flat at RM1.22
Century Bond Bhd – flat at RM1.56
The list of stocks with momentum is generated using a propriety 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.)
http://www.theedgemarkets.com/my/article/nwp-ynh-sp-setia-dutch-lady-pos-hiat-teck-excel-force-century-bond
