FBM30 1613.78
-0.46 points (-0.03%) Volume
804mil Value 1,601.7mil
1) KLCI falling for a third consecutive days and
continued to underperform the region which rose ahead of speculations US and
China could take more action to spur economic growth. German court also approve
the legality of eurozone's bailout fund paving the way for ECB intervention.
Market remained thinly traded with market breadth turning positive as gainers
led decliners 409:292. Futures closed 1606pts (7.8 points discount).
2) Heavyweights: AIRASIA-5.33% RM3.02, IOICORP-1.38%
RM5.00, TENAGA-1.21% RM6.55, SIME-0.51% RM9.75, PPB-2.21% RM12.40, CIMB+1.65%
RM7.40, DIGI+2.28% RM4.93, UEMLAND-4.09% RM1.64
3) DBT: BRDB 23mil @ RM2.80 (4.6% PUC), SUNWAY 13.4mil @
RM2.19
4) Situationals:
AIRASIA-5.3% RM3.02: Share price fell after PT Lion Group
signed a JV agreement with National Aerospace and Defence Industries Sdn Bhd
(NADI) in which the Malaysian government holds a golden share. Malindo Airways
is formed with NADI holding 51% interest.
5) WATER
Further comments were made by Pengurusan Aset Air Berhad
(PAAB) chief executive officer Datuk Ahmad Faizal Abdul Rahman today on the
dire impact of water supply in 10 years if the Langat 2 project did not proceed
at a briefing for contractors interested in bidding for the project at PAAB
office today.
He said the site for the construction of Langat 2 was no
longer at issue as 200 of 300 lots of land required had already been granted
the K Form (notice that the land had been acquired) by the Land Office.
The project requires 300 lots of land, of which 200 lots
had already been acquired while the rest are still in the process of
discussion. But for Package 2A, only 86 lots of land were needed and most of
them had approved. Ahmad Faizal said Langat 2 would cost RM3.7 billion,
including installation of pipes to siphon water from Pahang, expected to take
45 months to complete. Tender documents for Langat 2 to interested contractors
who would be taken to visit the project site tomorrow.
+ve for pipe players such as Jaks/ Hiaptek and
construction companies such as Gamuda which have long been linked to the
project.
6) Market - The current risk on environment has seen
defensive markets such as Malaysia underperform compared to traditional higher
beta North Asian markets. This trend is likely to continue especially with the
FOMC's decision tomorrow.
