KUALA LUMPUR: Stocks with recent corporate news flow that could see increased trading interest include Favelle Favco, Matang, Ajiya, Sapura Energy, Focus Point, TWL Holdings, Sentoria Group and Advanced Packaging, said JF Apex Research.

       Favelle Favco Bhd has won an aggregate amount of contracts worth RM55mil between Feb 22, 2022 and May 6, 2022.

       Matang Bhd plans to raise RM22.59mil via a proposed private placement of up to 217.2 million shares or 10% of its total issued shares.

       Ajiya Bhd has appointed Chiau Haw Choon of Chin Hin Group as its managing director.

       Tan Sri Megat Zaharuddin Mohd Nor has resigned as an independent director of Sapura Energy Bhd.

       Focus Point Holdings Bhd has proposed the transfer of its listing to the Main Market of Bursa Malaysia.

       TWL Holdings Bhd’s largest shareholder TWL Capital Bhd has emerged as a substantial shareholder of Sentoria Group Bhd with a 12.19% stake.

       KSL Capital Sdn Bhd has emerged as a substantial shareholder of Advanced Packaging Technology (M) Bhd after acquiring 1.22 million shares or 6.2% via an open market transaction.

       Meanwhile, JF Apex said the FBM KLCI could remaine dunder pressure and trend lower towards the support of 1,550 points following the bearish performance on Wall Street.

       On Friday, the US market plunged despite a better-than-expected jobs report as equities continues to be pressured by the Federal Reserve's rate hike last week.

       In Europe, stocks tumbled on concerns over inflation and interest rate hikes.