FBM30 1569.43
+9.07points (+0.58%) Volume
700mil Value 1,140mil
1) KLCI rose inline with the firmer regionals as markets
shrugged off Moody's ratings cut of some German banks and bet on possible
monetary easing by China while expectations are high on possible assistance to
Spanish banks. Index rose steadily over the day on persistent buying interest
in selected heavyweights led by banks and plantation names. Broader market was positive with advancers leading
decliners 397:305. Futures closed 1572.5 (3 points premium).
2) Heavyweights: MAYBANK+0.8% RM8.73, CIMB+0.94% RM7.49,
IOICORP+1.38% RM5.13, AXIATA+0.75% RM5.36, GENTING+0.83% RM9.78, PETGAS+1.50%
RM17.60,YTL+2.13% RM1.92, KLK+1.44% RM22.54
3) DBT: LNGRES 14.1mil @ RM0.35 (7.4% PUC, 32% premium),
COMPUGT 4.6mil @ RM0.09
4) Situationals:
BJTOTO+0.94% RM4.29: Share price was firmer after
announcing the company is setting up a trust to house its NFO business in
Malaysia to a Singapore based business trust which will deliver bumper dividend
and distribution of free units in the trust. The proposal values the Malaysian
NFO at 6bn.
5) Daya Materials
Has entered into a MOU with Malco Engineering (Private)
Limited. The purpose of the MOU is to record the preliminary intentions and
understanding of the Daya and Malco with respect to their common interest and
agreement to collaborate and pursue mutual cooperation in business in Sri Lanka
with the view to establishing a joint venture entity. Malco is a company
incorporated in Sri Lanka involved in projects associated with power plants,
renewable energy, oil & gas, telecommunications, infrastructure and water
supply. +ve
6) The government today announced that the retail price
of RON97 would cost 10 sen less at RM2.80 per litre from tomorrow. The retail RON97
price, in principle, was fixed based on a managed float whereby the monthly
price was determined according to market forces. +ve
7) Market - Sentiment lifted today in anticipation of
announcements from the ECB today and moves to set up a European Banking Union
via a network of national bank financed funds. Concrete moves along these lines
tonight could see the KLCI maintain the bounce to around the 1580pts levls.
