FBM30 1646.11
+5.78 points (+0.35%) Volume 1,030mil Value 1,741mil
1) KLCI gained in tandem with the regionals after BOJ's
decision to boost asset purchases raising speculations more monetary easing
could come from central banks globally. Index reached 1647.32 (+6.99pts) by
midday on buying support for telcos while plantation-0.5% bucked the trend on
recent weakness in CPO prices. Market breadth was positive with gainers edging
decliners 353:332. Futures closed 1640pts (6 points discount).
2) Heavyweights: AXIATA+2.61% RM6.28, DIGI+1.62% RM5.02,
PCHEM+1.41% RM6.47, PBBANK+0.56% RM14.38, IOICORP-0.78% RM5.08, PPB-1.78%
RM12.14, YTL-1.1% RM1.79
3) DBT: DESTINI 15mil @ RM0.355, FAJAR 1.5mil @ RM0.68
4) Situationals:
GBGAQRS+3.5% RM1.18: Gabungan AQRS Bhd has secured a
RM303.49mil job for the MRT Project from Syarikat Muhibah Perniagaan &
Pembinaan Sdn Bhd. The Job will involves the execution and completion of
specific general items, site clearance, demolition, earthworks, sub-structure
and super structure and other related works in respect of package v1 of the
KVMRT project. The Job is expected to be completed by Feb 2016.
PERISAI+2.82% RM0.91: Perisai Petroleum Bhd has secured
bareboat charters for 51%-owned Intan Offshore's support vessels
with contract value of US$40 million. The charters are for three years
effective Sep 1, 2012, and the daily hire rate is US$36,630 for the eight
offshore vessels.
5) Genting Bhd: 54% subsidiary Genting Singapore Plc has
said that it was selling it's entire 4.8% stake in Australia's Echo
Entertainment Group Ltd, following a review of it's investment. The shares will
be sold at A$3.99 apiece, a 2.7% discount to Echo's closing price of A$4.10
today. The divestment comes after a review by the company to rationalize it's
investments portfolio, Genting Singapore said in a statement. The group had
recently sought approval 3 months ago to boost the stake in Echo to above 10%
amid a push by gaming operators to attract high rollers. Meanwhile, Genting
Hong Kong Ltd, which also bought shares in Echo, said that it will continue to
hold it's investments & remain committed to it's application to boost it's
stake in Echo; Neutral, decision consistent with what Genting Singapore has
been saying, in that Echo is just a quoted investment & that they don't see
it as strategic.
6) Mkt: range trading on low volume to persist as market
consolidates and await for further leads.
