The stocks with positive momentum were:
Signature International Bhd – up 10 sen to 94.5 sen
MTD ACPI Engineering Bhd – up one sen to 28 sen
The stocks with negative momentum were:
Bumi Armada Bhd – up three sen to 42.5 sen
Chin Hin Group Bhd – up three sen to RM1.71
Classic Scenic Bhd – up two sen to RM1.52
Innity Corporation Bhd – up 17 sen to 76 sen
Industronics Bhd – up 19.5 sen to 67.5 sen
MSM Malaysia Holdings Bhd – up 22 sen to RM1.2
PWF Corp Bhd – up two sen to 59 sen
Silver Ridge Holdings Bhd – down one sen to 78 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.
Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.
1. The Conditional Movement Control Order for Kuala Lumpur, Selangor, Sabah and several other localities has been extended by another two weeks.
2. Glove stocks were among Bursa Malaysia’s top losers today after Europe launched its mass Covid-19 vaccination drive.
3. Chin Hin Group Bhd is looking to buy a 52% stake in Chin Hin Group Property Bhd from its chairman.
4. Pharmaniaga Bhd reiterated its readiness to distribute the Covid-19 vaccine.
5. The government is imposing provisional anti-dumping duties on imports of cold rolled stainless steel from Indonesia and Vietnam.
KUALA LUMPUR (Dec 28): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Dec 29) may include Chin Hin Group Bhd, CN Asia Corp Bhd, Kotra Industries Bhd, Lii Hen Industries Bhd, New Hoong Fatt Holdings Bhd, Kerjaya Prospek Group Bhd, and Apex Equity Holdings Bhd.
Chin Hin Group Bhd plans to acquire a 51.5% stake in Chin Hin Group Property Bhd (CHGP) for RM88.86 million from its chairman Datuk Seri Chiau Beng Teik and his family. It has signed a sale and purchase agreement with Beng Teik, his son Haw Choon, who is also Chin Hin s managing director, and their vehicle Divine Inventions Sdn Bhd to acquire the 176.61 million shares in CHGP, together with 37.65 million or 30.9% of the warrants in CHGP, for RM88.86 million.