Stocks With Momentum Instacom, IFCA, BP Plastics, Luxchem

by **Cals** Fri 09 Oct 2015, 00:14

Stocks With Momentum

[size=28]Instacom, IFCA, BP Plastics, Luxchem

By Chester Tay / theedgemarkets.com | October 8, 2015 : 1:06 PM MYT
KUALA LUMPUR (Oct 8): theedgemarkets.com highlighted four stocks with momentum at Bursa Malaysia’s afternoon market close today. The list showed two stocks with positive momentum and two with negative momentum.

The stocks with positive momentum are:

Instacom Group Bhd ([You must be registered and logged in to see this image.] Valuation: 0.30, Fundamental: 1.25) — unchanged at 21 sen

IFCA MSC Bhd ([You must be registered and logged in to see this image.] Valuation: 1.50, Fundamental: 3.00)— up seven sen at RM1.01

The stocks with negative momentum are:

BP Plastics Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 2.50)— up six sen at RM1.40

Luxchem Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 1.70, Fundamental: 1.70) — up five sen at RM1.59

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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