Highlights / Stock Picks of the Day - Mah Sing Group Berhad

Property developers bore the brunt in the recent sell-downs in the broader market in the past few weeks, with Mah Sing Group Berhad ("Mah Sing") among the ranks. Mah Sing's share price has now reached a
crucial support level at the upward sloping trend line. Should this support level prove effective, a rebound may be possible from here. The indicators remained firmly in the negative territory; hence investors should watch this stock closely for any confirmation of a rebound after the budget announcement today. Overhead resistance levels can be found at RM2.45 and RM2.55 while supports remain at RM2.00, and further down at RM1.85.

Source: Kenanga