Hengyuan, Harrisons, Integrated Logistics, MPHB, Petron Malaysia, PGF, SCGM

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KUALA LUMPUR (May 10): theedgemarkets.com highlighted seven dynamic stocks at the afternoon close of Bursa Malaysia on Tuesday, May 10. All seven stocks showed negative momentum.

Stocks with negative momentum were:

Harrisons Holdings (Malaysia) Bhd – up 16 sen to RM6.15

Hengyuan Refining Company Bhd – down 43 sen to RM6.26

Integrated Logistics Bhd – up two and a half sen to 61.5 sen

MPHB Capital Bhd – unchanged at RM1.48

Petron Malaysia Refining & Marketing Bhd – down 16 sen to RM5.75

PGF Capital Bhd – down two sen to 87 sen

SCGM Bhd – down eight sen to RM2.30

The list of dynamic stocks is generated using a proprietary mathematical algorithm highlighting stocks that are increasing in trading volume and price. The algorithm distinguishes between stocks that display positive momentum (+ve) and negative momentum (-ve).

This list is not a buy or sell recommendation. It simply tells you which stocks are experiencing larger than normal volume and price movements.

The stock price can go up or down from this point. But the “+ve” (suggesting an upward price trend on volume) and “-ve” (suggesting a downward price trend on volume) indicators should give readers a better idea of ​​what the market is buy and when to sell. Also note that momentum usually only persists for a short period of time.

However, each stock comes with a fundamental score and a review score to help readers gauge the attractiveness of the stocks if they want to take advantage of the momentum.

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