FBMKLCI
1768.71pts +2.22pts (+0.13%)
Volume 1.225b Value RM1.704b
1) The KLCI gapped up in the early trade after the
S&P climbed within 1% of its all-time high yesterday on stronger economic
data. Index lost its momentum after China's trade data came in below
expectation with imports 0.7% vs est 6.0% and exports declined 3.1% vs est
3.7%. IMF downgrade of global growth to 3.1% also weighted on the overall
market. Market breadth was negative despite strength in bluechip stocks with
losers beating gainers by 441 : 308. Futures closed 1770 (2 pts premium)
2) Heavyweights : GENM +2.07% RM3.95, IOICORP +0.55%
RM5.45, MAXIS +0.59% RM6.85, HLBANK +1.16% RM13.98, RHBCAP +1.42R RM8.57, UMW
-1.52% RM14.30, FGV -1.01% RM4.49, UEMS -1.63% RM3.01.
3) DBT : BJLAND 138.542mil @ RM0.8591 (2.771% PUC @ 2.4%
discount), SANICHI 59.5mil @ RM0.019 (14.06% PUC @ 76.2% discount), FABER
20.924mil @ RM1.70 (5.74% PUC @ 7% discount)
4) Situational:-
AAX RM1.25 unch: Shares in AirAsia X rose to a high of
RM1.28 before closing at parity with 160mil shares traded on their market debut
as the firm's chief executive promised a spending spree on new planes to boost
frequency and target more routes. Group would use cash from last month's
RM981mil (US$308.6 million) initial public offering to increase its fleet and
seek out new destinations.
5) CYPARK
Cypark Resources
Berhad in relation to its private placement of 10% PUC totalling 16.972m
shares, announced the fixed the issue price of the Placement Shares at RM1.90
per Placement Share.
The Issue Price represents a discount of approximately
7.42% to the five (5)-day volume weighted average market price of the CRB
Shares up to and including 9 July 2013, being the market day immediately
preceding to the Price-Fixing Date of RM2.0522.
+ve as this will enable the company to be on a stronger
footing to be able to bid for and execute new power plants under the
biomass/biogass under the renewable energy policy. Buy on weakness.
6) Market - Trading range market to continue which
rotational play especially on O&G theme to continue to grab the limelight.
Trading buy on stocks that have recently retraced, WCT, Perisai, Maybulk,
