Stock with positive momentum was:
SWS Capital Bhd up three sen at 78 sen
Stocks with negative momentum were:
Jiankun International Bhd down 10.5 sen at 58 sen
Lion Industries Corp Bhd up 5.5 sen at 58.5 sen
PIE Industrial Bhd up 16 sen at RM2.36
Scope Industries Bhd up 2.5 sen at 32 sen
Seni Jaya Corp Bhd up two sen at 94 sen
Sinmah Capital Bhd up eight sen at 47.5 sen
Southern Steel Bhd up four sen at 79 sen
Versatile Creative Bhd up 10 sen at 82 sen
WMG Holdings Bhd up 3.5 sen at 18.5 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 16): Based on corporate announcements and news flow today, companies in focus tomorrow (Dec 17) may include: Komarkcorp Bhd, Kossan Rubber Industries Bhd, Supermax Corp Bhd, Ocean Vantage Holdings Bhd, Konsortium Transnasional Bhd, G Capital Bhd, Lion Industries Corp Bhd, Daibochi Bhd, Mah Sing Group Bhd and OKA Corp Bhd.
Komarkcorp Bhd has entered into a distributorship agreement with LKL International Bhd to sell and distribute its disposable medical grade face masks worldwide. The distributorship agreement was signed by the subsidiaries of both companies, namely Komark Mask (M) Sdn Bhd and LKL Advance Metaltech Sdn Bhd.
Komarkcorp, involved in printing labels and packaging solutions, in June this year diversified into mask and personal protection equipment (PPE) manufacturing via the incorporation of Komark Mask to carry out the new business. The company currently has three operating mask lines and is about to install a further five lines within the next 60 day