FBMKLCI
1768.62 -7.54pts (-0.42%)
Volume 1.853b Value 2.377b
1) The KLCI slid in the earlier session reaching a low of
1762.30 (-13.86pts) after the US market closed lower as the government shutdown
threat looms. Index recovered steadily in the 2H turning positive at one point
before dipping 7 points at auction. In the regional market, bourses were
negative with HSI -1.50%, NIKKEI 2.06%, ASX -1.66% all closing at days low
after China PMI rose less than analyst forecasted in Sept. SHCOMP bucked the
trend closing +0.68% ahead of its golden week holiday. In the local market,
some of the bluechip heavyweights that saw some closing activity were CIMB
-1.57%, DIGI -1.42%, MAYBANK -0.20%, BAT +2.72% and TM +0.19%. Market breadth
was negative thruout the session with losers thumping gainers by 558 : 227.
Futures closed 1775 (7pts premium).
2) Heavyweights : CIMB -1.57% RM7.52, DIGI -1.42% RM4.86,
UMW -2.79% RM11.82, IHH -1.19% RM4.15, AMBANK -0.93% RM7.42, BAT +2.72%
RM64.20, YTL +1.98% RM1.54, PCHEM +0.73% RM6.85
3) DBT : KEURO 115.4mil @ RM1.35 (20.140% PUC @ 12.5%
premium,crossed today to MWE), KTB 12.257mil @ RM0.244 (3.043% PUC @ 62.6%
premium), EAH 10.169mil @ RM0.095 (2.392% PUC @ 30% discount)
4) Situational:-
MHB +2.36% RM3.90 - Share price of MHB gained after the
US$1 billion Petronas contract to develop two oil gas fields in Sarawak has
been given to a joint venture between MHB and Technip. The job that was awarded
to the MHB- Technip consortium includes the engineering, procurement,
construction, installation and commissioning (EPCIC) of the two gas fields in
Block SK316 located 180km north of Bintulu.
5) SEL PROP
9mths July 2013
Tover +6.6% RM179.7m Net +22.5%
RM61m EPS 17.75sen
The higher earnings is distorted by investment gains of
RM39.1m on forex gains from SGD and USD. Property development was driven by new
projects in Bukit Permata and Selayang Mulia. The Education sector under HELP is the next main
earnings driver for the company followed by their Australian division which is
primarily located in Perth.
6) Market - Debt ceiling woos will continue to weigh down
markets with the next preoccupation likely back on the Fed tapering once this
issue is resolved, hence with this back drop markets will continue the current
drift mode with immediate support at the 1750pts area.
