FBMKLCI 1643.89
+17.00pts (+1.04%)
Volume 708.6mil Value RM1,466mil
1) KLCI ended at day's high with gains seen in most
heavyweights led by banks and telco's as investors sentiment was boosted by
news that Cyprus, the European Union and the International Monetary Fund have
agreed a 10bil eure bailout deal. Overall market were relatively quiet with
volume only reaching 700mil with market breadth negative as losers edged
gainers 309:304. Future closed 1655 (11points premium)
2) Heavyweights: CIMB+1.8% RM7.29, AXIATA+1.42% RM6.45,
DIGI+2.49% RM4.53, MAYBANK+0.99% RM9.23, GENTING+1.80% RM9.63, BAT+3.37%
RM62.00, IHH+3.43% RM3.62, PBBANK+0.5% RM16.02
3) DBT: MAHSING 4mil @ RM2.17
4) Situational:
IHH+3.43% RM3.62: IHH Healthcare has revealed plans to
concentrate its hospital network expansion in India and China, two countries
that are home to more than one-third of the world's population. The MD, Dr Lim
Cheok Peng said IHH is currently looking at Bangalore and Delhi in India as
well as Fuzhou and Beijing in China for its expansion drive in the two
countries
5) KKB
Announced that
OCEANMIGHT SDN BHD , an associated company of KKB, has been Licensed as
Approved Supplier by PETRONAS, Kuala Lumpur, for the Category of "OFFSHORE
FACILITIES CONST-MAJOR ONSHORE FABRICATION
subject to Terms and Conditions to be complied with in the said Licence
therein. The said Licence is valid for
three (3) Years and shall expire in year 2016.
+ve as this year
should see a recovery in its earnings on the back of an order book of RM376m
while the new Petronas lic will enable the company to leverage off its
deepwater fabrication yard.
6) Market - The wait for GE13 continues as today passed
without event but with immediate crises in Cyprus averted for the time being,
spill over bullishness from global markets may see the KLCI trending higher
back to the 1650pts resistance levels. The expansionary fiscal policy the govt
has implemented should start to benefit construction companies and building
material players. Buy Mudajaya, WCT, HSL, LionDiv, AnnJoo.
