Stocks With Momentum Axis REIT, ECS ICT, Ingenuity Consolidated, Inix, Heng Huat, Aeon Credit, Komarkcorp, Acoustech, Johore Tin, Ewein, Nationwide Ex

by **Cals** Thu 02 Apr 2015, 21:09

Stocks With Momentum
Axis REIT, ECS ICT, Ingenuity Consolidated, Inix, Heng Huat, Aeon Credit, Komarkcorp, Acoustech, Johore Tin, Ewein, Nationwide Express

By Charlotte Chong / theedgemarkets.com | April 2, 2015 : 1:24 PM MYT

KUALA LUMPUR (Apr 2): theedgemarkets.com has highlighted 11 stocks with momentum at afternoon market close today. Two of the stocks show positive momentum while nine show negative momentum.

Stocks with positive momentum are:

[size=14]Axis Real Estate Investment Trust ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 0.9; valuation: 0) unchanged at RM3.59

ECS ICT Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 2; valuation: 2.4) up four sen at RM1.66

Stocks with negative momentum are:

Ingenuity Consolidated Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 0.95; valuation: 0.9) up 0.5 sen at nine sen

Inix Technologies Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.65; valuation: 0.3) down 0.5 sen at 21 sen

Heng Huat Resources Group Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.95; valuation: 0.6) up 2.5 sen at 53 sen

Aeon Credit Service (M) Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.1; valuation: 2.1) up 18 sen at RM13.10

Komarkcorp Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 0.2; valuation: 1.2) up two sen at 62 sen

Acoustech Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 2.25; valuation: 1.8) up four sen at 65 sen

Johore Tin Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1; valuation: 1.2) up five sen at RM1.56

Ewein Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.1; valuation: 1.8) up two sen at 59 sen

Nationwide Express Courier Services Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.85; valuation: 1.2) unchanged at 75 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.

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 [You must be registered and logged in to see this link.] for details on a company’s financial dashboard.)

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