KUALA LUMPUR: Stocks that could see increased trading interest on the back of corporate news flow include SCGM, Uzma, Econpile Holdings, Pensonic Holdings, Affin Bank, MPHB Capital, JF Technology and G Capital, said JF Apex Research.

       SCGM Bhd is selling its core plastic packaging business to two Japanese firms for RM544.38mil cash.

       Uzma Bhd’s has secured an EPCC contract worth RM101.8mil to develop a 29.99MWac large scale solar (LSS) photovoltaic plant project in Selangor.

       Econpile Holdings Bhd has won a contract worth RM37.36mil for substructure works of a residential project in Pantai Dalam, Kuala Lumpur.

       Pensonic Holdings Bhd is selling a piece of land in Penang that has a factory built on it to for RM15.8mil.

       Bank Negara Malaysia has allowed Affin Bank Bhd and MPHB Capital Bhd to dispose their insurance businesses to Generali Asia NV.

       JF Technology Bhd (JF Tech) is acquiring precision engineering provider Ikeda Technology (M) Sdn Bhd's assets and business for RM4.5mil cash.

       G Capital Bhd signed a 25-year solar power purchase agreement (PPA) with two of Chin Well Holdings Bhd's units for a 5.38 MWp solar photovoltaic (PV) generating system in Bukit Mertajam, Penang.

       Meanwhile, JF Apex said the FBM KLCI could retest the support of 1,540 points on the back of bearish momentum.

       The US market extended its selldown overnight with the S&P hitting a one-year low due to persisting concerns over inflation.

       Similarly, European stocks fell to two-month lows amid concerns over inflation, economic growth and war in Ukraine.