Stocks With Momentum Fibon, Ekovest, BP Plastics, Kein Hing, Jaya Tiasa, WTK, Tien Wah

by **Cals** Tue 05 Jan 2016, 18:41

Stocks With Momentum
Fibon, Ekovest, BP Plastics, Kein Hing, Jaya Tiasa, WTK, Tien Wah
By Chester Tay / theedgemarkets.com | January 5, 2016 : 1:57 PM MYT

KUALA LUMPUR (Jan 5): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon market close today. The list showed two stocks with positive momentum and five with negative momentum.
The stocks with positive momentum are:
Fibon Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 1.95) — up six sen at 80.5 sen
Ekovest Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 1.15) — up six sen at RM1.19
The stocks with negative momentum are:
BP Plastics Holding Bhd ([You must be registered and logged in to see this image.] Valuation: 1.70, Fundamental: 2.50) — up five sen at RM1.81
Kein Hing International Bhd ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 1.00) — up 7.5 sen at 97.5 sen
Jaya Tiasa Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 0.30) — up 24 sen at RM1.58
WTK Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 1.65) — up 10 sen at RM1.45
Tien Wah Press Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 2.60, Fundamental: 1.80) — up 17 sen at RM2.80
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.)