Stocks With Momentum Ancom, Mercury Industries, Raya International, Nylex, Concrete Engineering Products, CAB Cakaran, Resintech

by **Cals** Wed 20 Jan 2016, 08:58

Stocks With Momentum

[size=28]Ancom, Mercury Industries, Raya International, Nylex, Concrete Engineering Products, CAB Cakaran, Resintech

By Chester Tay / theedgemarkets.com | January 19, 2016 : 1:19 PM MYT

KUALA LUMPUR (Jan 19): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon market close today. The list showed one stocks with positive momentum and six with negative momentum.

The stocks with positive momentum are:

Ancom Bhd ([You must be registered and logged in to see this image.] Valuation: 1.80, Fundamental: 0.55)— up 2.5 sen at 43 sen

The stock with negative momentum are:

Mercury Industries Bhd ([You must be registered and logged in to see this image.] Valuation: 3.00, Fundamental: 1.40)— up 20 sen at RM1.62

Raya International Bhd ([You must be registered and logged in to see this image.] Valuation: 0.00, Fundamental: 0.65)— up 0.5 sen at 27.5 sen

Nylex (M) Bhd ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 0.75)— up 4.5 sen at 69 sen

Concrete Engineering Products Bhd ([You must be registered and logged in to see this image.] Valuation: 1.10, Fundamental: 0.75)— unchanged at RM2.00

CAB Cakaran Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 1.10, Fundamental: 0.55)— up one sen at RM1.72

Resintech Bhd ([You must be registered and logged in to see this image.] Valuation: 2.60, Fundamental: 1.00)— up 2.5 sen at 49 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.

(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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