Stocks With Momentum Borneo Oil, DPS Resources, Sapura Resources, XOX, Ajiya, Quality Concrete

by **Cals** Fri 16 Oct 2015, 18:24

Stocks With Momentum

[size=28]Borneo Oil, DPS Resources, Sapura Resources, XOX, Ajiya, Quality Concrete

By Chen Shaua Fui / theedgemarkets.com | October 16, 2015 : 1:10 PM MYT

KUALA LUMPUR (Oct 16): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia's afternoon market close today. Four stocks show positive momentum while two stocks show negative momentum.

Stocks with positive momentum are:

Borneo Oil Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 1.25) - down 0.5 sen at 19.5 sen

DPS Resources Bhd ([You must be registered and logged in to see this image.] Valuation: 1.50, Fundamental: 1.05) - up 1.5 sen at 11 sen

Sapura Resources Bhd ([You must be registered and logged in to see this image.] Valuation: 2.40, Fundamental: 1.40) - up eight sen at RM1.09

XOX Bhd ([You must be registered and logged in to see this image.] Valuation: 0.20, Fundamental: 1.40) - up one sen at 20 sen

Stocks with negative momentum are:

Ajiya Bhd ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 2.10) - up 12 sen at RM3.81

Quality Concrete Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 0.35) - up five sen at RM1.54

The list of stocks with momentum is generated using 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: [size=12]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.)[/size]
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