FBMKLCI 1653.96
+3.03pts (+0.18%)
Volume 786.5mil Value RM1,672mil
1) KLCI rose inline with the regionals followings gains
seen in DOW overnight and China exports numbers beat estimates rising hopes of
a sustainable recovery in global economy. Index were firmer albeit trading only
in a 4 points range as market remains lightly traded on selected key
heavyweights and situational stocks. Market breadth was positive with advancers
leading decliners 426:264. Future closed 1653 (1point discount)
2) Heavyweights: GENTING+1.41% RM10.04, BAT+4.33%
RM65.00, RHBCAP+2.5% RM8.20, AXIATA+0.31% RM6.42, MAXIS+0.77% RM6.52,
AMBANK+0.47% RM6.36, IOICORP-1.62% RM4.86, HLBANK+0.42% RM14.38
3) DBT: CME 10.89mil @ RM0.02 (70% discount), SUNREIT
10mil @ RM1.52
4) Situational:
SCOMI+6.06% RM0.35: Scomi KMC, a subsidiary of SCOMI, was
awarded a contract worth RM2.1bn by Petronas Carigali to
supply drilling fluids, barite materials, equipment and services
for a five-years. This project is under the RM8-10bn Pan Malaysia
mega tender. This contract is larger than Scomi's RM1.6bn (5 year)
drilling fluids contract in 2006, also awarded by Petronas.
5) DIGI
In reaction to the recent fine by MCMC, DiGi says that it
is half way through a network upgrade and plans to expand its 3G network to
three-quarters of the population by the end of this year. The company has
completed upgrades on 3,000 of its 6,000 base stations and said that it had
seen an improvement in performance As a result, they have seen significant
quality improvements over the last six months in all areas where they have
completed network upgrades; these include a steady decline in incidences of dropped
calls, consistency in data setup success rates, and the lowest volume of
complaints from customers.
6) Market - Maintain current strategy of selling to
strength recent outperformers as the KLCI hoovers around the resistance level
of 1650pts. Take profits on UMW, Genting, Gamuda, GasMsia, Sunway
