Stocks With Momentum CSL, D&O, Global Oriental, Johore Tin, Tomypak, MQ Technology, XOX, LCTH, BP Plastics, Ajiya, Instacom

by **Cals** Tue 06 Oct 2015, 02:01

Stocks With Momentum

[size=28]CSL, D&O, Global Oriental, Johore Tin, Tomypak, MQ Technology, XOX, LCTH, BP Plastics, Ajiya, Instacom

By Yimie Yong / theedgemarkets.com | October 5, 2015 : 1:27 PM MYT

KUALA LUMPUR (Oct 5): theedgemarkets.com highlighted 11 stocks with momentum at Bursa Malaysia’s afternoon market close today. Two stocks show positive momentum while nine stocks show negative momentum.

Stocks with positive momentum are:

China Stationery Ltd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 1.50) — up one sen at 12 sen

D&O Green Technologies Bhd ([You must be registered and logged in to see this image.] Valuation: 0.60, Fundamental: 0.75) — up 0.5 sen at 36.5 sen

Stocks with negative momentum are:

Global Oriental Bhd ([You must be registered and logged in to see this image.] Valuation: 2.10, Fundamental: 2.20) — up three sen at 60.5 sen

Johore Tin Bhd ([You must be registered and logged in to see this image.] Valuation: 2.40, Fundamental: 1.00) — up nine sen at RM1.80

Tomypak Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 1.70, Fundamental: 2.10) — down two sen at 83.7 sen

MQ Technology Bhd ([You must be registered and logged in to see this image.] Valuation: 0.30, Fundamental: 0.95) — up 0.5 sen at 12 sen

XOX Bhd ([You must be registered and logged in to see this image.] Valuation: 0.20, Fundamental: 1.40) up — one sen at 10 sen

LCTH Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 2.70) — up two sen at 67.5 sen

BP Plastics Holding Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 2.50) — up eight sen at RM1.35

Ajiya Bhd ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 2.10) — up 24 sen at RM3.34

Instacom Group Bhd ([You must be registered and logged in to see this image.] Valuation: 0.30, Fundamental: 1.25) — up 2.5 sen at 20 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.)

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