Stocks with positive momentum were:
Sino Hua-An International Bhd – up three sen at 19 sen
Ta Win Holdings Bhd – up half a sen at 23 sen
Stocks with negative momentum were:
AYS Ventures Bhd – up 3.5 sen at 29.5 sen
Jiankun International Bhd – unchanged at 58 sen
NWP Holdings Bhd – up three sen at 29.5 sen
SKB Shutters Corp Bhd – down 6.5 sen at 61 sen
Widad Group Bhd – up 3.5 sen at 69.5 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 (Dec 14): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Dec 15) include: AirAsia X Bhd, RHB Bank Bhd, Deleum Bhd, Hartalega Holdings Bhd, Top Glove Corp Bhd, Luxchem Corp Bhd, Ivory Properties Group Bhd, Ta Win Holdings Bhd and Bina Darulaman Bhd.
AirAsia X Bhd s (AAX) deputy chairman Datuk Lim Kian Onn is spearheading a special purpose vehicle (SPV) to pump in at least RM50 million fresh capital into the low-cost carrier, which is in the midst of negotiating with its creditors for debt and liabilities restructuring.
AAX announced its equity raising plan that entails a cash call to its existing shareholders to raise up to RM300 million plus issue of new shares to new investors to raise an additional RM200 million.