Cheetah, Gas Malaysia, Hengyuan, Petron

Cheetah, Gas Malaysia, Hengyuan, Petron
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KUALA LUMPUR (May 13): highlighted four stocks with momentum at Bursa Malaysia’s afternoon close on Friday (May 13). Two stocks displayed positive momentum, while two showed negative momentum.

The stocks with positive momentum were:

Cheetah Holdings Bhd — up one sen at 20 and a half sen

Petron Malaysia Refining & Marketing Bhd — up 18 sen at RM6.08

The stocks with negative momentum were:

Gas Malaysia Bhd  — up seven sen at RM2.82

Hengyuan Refining Company Bhd — up 44 sen at RM7

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.

For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at

Surin Murugiah