The stocks with positive momentum were:
ATTA Global Group Bhd down 2.5 sen at 57.5 sen
Golden Pharos Bhd unchanged at 39.5 sen
Nylex (M) Bhd down 2.5 sen at 86.5 sen
The stocks with negative momentum were:
Chuan Huat Resources Bhd down five sen at 58.5 sen
Fibon Bhd up 1.5 sen at 47.5 sen
Leon Fuat Bhd up 10 sen at RM1.10
PA Resources Bhd down one sen at 53.5 sen
Selangor Dredging Bhd down two sen at 73.5 sen
Tashin Holdings Bhd down five sen at 78.5 sen
Turbo-Mech Bhd unchanged at 86.5 sen
Watta Holdings Bhd up five sen at 73.5 sen
YLI Holdings Bhd unchanged at 42 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.
KUALA LUMPUR (Jan 12): Based on corporate announcements and news flow today, companies that may be in focus on Wednesday (Jan 13) include QL Resources Bhd, Boilermech Holdings Bhd, FGV Holdings Bhd, Pharmaniaga Bhd, I-Stone Group Bhd, Spring Art Holdings Bhd, Ho Wah Genting Bhd, Handal Energy Bhd, ATTA Global Group Bhd, MTD ACPI Engineering Bhd, Mulpha International Bhd, Malaysia Airports Holdings Bhd, AirAsia Group Bhd, and Gas Malaysia Bhd.
QL Resources Bhd s takeover offer for shares it does not own in
Boilermech Holdings Bhd has been extended to Jan 29. The initial deadline for the conditional mandatory general takeover offer at 95 sen per share was Jan 14. QL currently controls a 48.41% stake or 249.79 million shares in Boilermech.