Stocks With Momentum MAA, Padini, Halex, Ajiya, EG Industries, Petron Malaysia, PCCS, Resintech, Muhibbah Engineering

by **Cals** Wed 02 Dec 2015, 20:41

Stocks With Momentum

[size=28]MAA, Padini, Halex, Ajiya, EG Industries, Petron Malaysia, PCCS, Resintech, Muhibbah Engineering

By Yimie Yong / theedgemarkets.com | December 2, 2015 : 1:22 PM MYT

KUALA LUMPUR (Dec 2): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia's afternoon market close today. Three stocks have positive momentum while six have negative momentum.

Stocks with positive momentum are:

MAA Group Bhd ([You must be registered and logged in to see this image.] Valuation: 2.10, Fundamental: 0.00) up 1 sen at 86 sen

Padini Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 1.50, Fundamental: 2.80) up 5 sen at RM1.80

Halex Holdings Bhd up 6.5 sen at 61 sen

Stocks with negative momentum are:

Ajiya Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 2.10) up 26 sen at RM4.67

EG Industries Bhd up 5.5 sen at 91 sen

Petron Malaysia Refining & Marketing Bhd ([You must be registered and logged in to see this image.] Valuation: 0.30, Fundamental: 0.50) up 32 sen at RM4.08

PCCS Group Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 0.35) up 3 sen at 69.5 sen

Resintech Bhd ([You must be registered and logged in to see this image.] Valuation: 1.70, Fundamental: 1.00) up 3.5 sen at 38 sen

Muhibbah Engineering (M) Bhd ([You must be registered and logged in to see this image.] Valuation: 0.80, Fundamental: 1.10) up 13 sen at RM2.35

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. )

[/size]