Stocks With Momentum Asia Poly, Ipmuda, Nexgram, SCH, Amcorp Properties, MAA, Zelan, Dutaland, YSP, OKA, Progressive Impact, UPA

by **Cals** Tue 19 May 2015, 18:34

Stocks With Momentum
Asia Poly, Ipmuda, Nexgram, SCH, Amcorp Properties, MAA, Zelan, Dutaland, YSP, OKA, Progressive Impact, UPA

KUALA LUMPUR (May 19): theedgemarkets.com has highlighted twelve stocks with momentum at Bursa Malaysia's afternoon market close today. Two stocks show positive momentum while ten show negative momentum.
The stocks with positive momentum are:
Asia Poly Holdings Bhd (fundamental: 0.55; valuation: 0.5) up 4.5 sen at 56 sen
Ipmuda Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 0.6; valuation: 2) up eight sen at RM1.57

Stocks with negative momentum are:
Nexgram Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 2.1; valuation: 1.7) up one sen at 13.5 sen
SCH Group Bhd (fundamental: N/A, valuation: N/A) up 0.5 sen at 28.5 sen
Amcorp Properties Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 2.4; valuation: 2.1) unchanged at RM1
MAA Group Bhd (fundamental: 0.9; valuation: 2.55) up 0.5 sen at 72 sen
Zelan Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.1; valuation: 0.9) down 1.5 sen at 37.5 sen
DutaLand Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.25; valuation: 1.1) up one sen at 57 sen
OKA Corp Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 2.4; valuation: 2.4) up two sen at RM1.06
Y.S.P. Southeast Asia Holding Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 2.5; valuation: 2) up 12 sen at RM2.24
Progressive Impact Corp Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 2; valuation: 1.4) up two sen at 26.5 sen
UPA Corp Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 2.5; valuation: 2.6) up three sen at RM1.75
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.)