FBMKLCI 1657.96
+4.00pts (+0.24%)
Volume 858mil Value RM1,717mil
1) KLCI were trading mostly in negative territory before
late buying of key heavyweights led by TENAGA and MAYBANK saw index recovering
from its day's low of 1649.99 (-3.97pts). Regional's were generally positive as
positive US employment data were offset by weaker industrial output numbers in
China with inflation also higher than forecast at 3.2%. Market breadth was marginally positive with
advancers edging decliners 361:340. Future closed 1664 (6points premium)
2) Heavyweights: TENAGA+2.87% RM7.18, MAYBANK+1.42%
RM9.26, FGV+3.7% RM4.77, GENM+1.42% RM3.58, DIGI-1.07% RM4.62, GENTING-0.8%
RM9.96, IOICORP-0.82% RM4.82, UMW-1.15% RM13.72
3) DBT: PETONE 3.214mil @ RM0.015 (90% discount), CNI
2.51mil @ RM0.04 (63% discount), HUAYANG 2mil @ RM1.70
4) Situational:
MPHB+2% RM3.60: MPHB gaming division Magnum Corp Sdn Bhd
is expected to benefit from a directive from the gaming regulator, which saw
Pan Malaysian Pools Sdn Bhd (PMP) terminate one of its games. The 6d jackpot
was launched last year and the revenue of the game had been declining since
then.
Entered into a conditional Share Sale Agreement with
American International Assurance Berhad for the disposal of its 30% equity
interest in AIA AFG Takaful Berhad comprising 30,000,000 ordinary shares of
RM1.00 each fully paid for a total cash consideration of RM45 million .
AIA AFG Takaful Berhad was incorporated on 6 December 2010
with an authorised share capital of RM200,000,000. The principal activity of
AIA AFG Takaful Berhad is to carry out family takaful business.
6) Market - Rotational plays to continue particularly in
the property sector space which is now enjoying a cyclical upturn driven by
improved connectivity infrastructure. Buy on weakness, Huayang, MPHB, Naim,
IJMLand
