FBM30 1624.55
+6.56 points (+0.41%) Volume
1,150mil Value 1,725.4mil
1) KLCI fell to a low of 1613.96 (-4.03pts) in early
trading before bargain hunting saw support for heavily battered key
heavyweights with index recovering to track regionals that saw significant
gains in HSI+3% and SHCOMP+3.7% after ECB's decision for unlimited bond buying
program and firmer US job numbers. China government also approved increase
infrastructure investments to help spur economic growth. Market breadth turned
positive with almost doubling decliners 488:260. Futures closed 1615pts (9.5
points discount).
2) Heavyweights: GENTING+2.53% RM8.92, TENAGA+1.49%
RM6.80, PCHEM+1.72% RM6.49, IOICORP+1% RM5.04, DIGI+0.63% RM4.81, MAYBANK+0.33%
RM9.03, SIME+0.31% RM9.79, CIMB-0.53% RM7.50
3) DBT: SUNWAY 7.1mil @ RM2.23, BPPLAS 3.8mil @ RM0.60
4) Situationals:
WCT+3.54% RM2.63: Share price jumped to a high of RM2.66
after announcing proposal to issue bonus shares on the basis of
3 bonus shares for 20 existing WCT Shares. Similarly, WCT proposed bonus issue
of free warrants on the basis of one 1 Warrant D for every 5 WCT Shares.
5) ENG KAH
The manufacturer of cosmetics and household products
today announced a Bonus issue of shares at the ratio of 1:1 and also a bonus
issue of warrants @ 1 warrant : 10 shares held. The company has recently been
in the limelight as they are expected to clinch potential new orders from a
MNC.
6) Market - Yesterdays action by the ECB should keep Euro
woes out of the headlines in the immediate future with focus now shifting to US
job data and the FOMC next week. KLCI could continue to underperform weight
down by election uncertainty.
