FBMKLCI
1774.42 -2.32pts (-0.13%)
Volume 2.220b Value RM2.137b
1) The FBMKLCI saw choppy trade throughout the day as
morning losses were pared by midday before seeing selling pressure in afternoon
after Abe's speech offered no positive surprises. The disappointing outcome as
well as concern of Fed scaling back stimulus saw NIKKEI-3.8% and HSI-1%. In the
local market, stocks retreated led by TECHNOLOGY-1.7% weighed down by UNISEM
-3.5%, GPACKET -5.8%, JCY -0.8%. Market breadth was negative with losers
beating gainers by 507:330. Futures closed 1775 (1pts premium).
2) Heavyweights : CIMB -1.20% RM8.20, IOICORP -1.5%
RM5.21, GENM -1.75% RM3.93, BAT -1.20% RM64.00,
GENTING+1.18% RM10.24, PETGAS+1.41% RM21.50, PPB+1.6% RM13.94,
SIME+0.53% RM9.50
3) DBT : BENALEC 10.5mil @ RM1.5262 (1.30% PUC), TGOFF
10mil @ RM0.58 ( 3.4% PUC @ 18.9% discount), PARKSON 5mil @ RM3.84 (0.45% PUC).
4) Situational:-
LEONFB+1.66% RM 0.61: Steel trading and processing
company Leon Fuat Bhd opened at 63.5 sen, or a premium of 3.5 sen above its
offer price of 60 sen when it made its debut on the Main Market of Bursa
Malaysia. Under its listing exercise it raised up to RM35.58mil from the sale
of 59.31 million new shares at 60 sen each where RM13mil of the proceeds will
be used to pare down debts and the rest will be used for capex. Leon Fuat
specializes in rolled long and flat products, focuses on carbon steel, of which
the majority is mild steel, complemented by stainless steel and alloy steel.
5) DAYA
Daya had given a notice of termination of this MOU to
Malco Engineering due to difficulties of targeted business development in Sri
Lanka. The MOU has now been terminated after receiving no response from Malco
on the notice of termination.
6) Market - Current weakness in global markets will
continue to affect local sentiment with the KLCI likely to retest the recent
low of 1750pts. Selective stock picking becomes paramount in current conditions
with our favourites CrestBld, IOIC, IJM
