FBMKLCI
1807.47 -2.94pts (-0.16%)
Volume 1.699b Value 1.424b
1) Early trading saw the KLCI move up following the
higher US overnight market but quickly retraced into negative territory before
closing -2.94pts as the CI edges closer to the 1800pts support level. Regional
market, bourses were tepid as HSI -0.26% and SHCOMP 0.0% both closed flat
despite a rise in China PMI data and non-manufacturing PMI over the weekend.
Trading volume was thinner today ahead
of the Awal Muharam break tomorrow. In the local market, TECHNOLOGY index
outperformed other sectors today gaining as much as +0.94% led by GHLSYS
+17.00%, FRB +5.92%, CENSOF +5.78%, EFORCE 6.54%. Market breadth turned
positive at the end with gainers beating losers by 408 : 370. Futures closed
1809.50 (2pts premium).
2) Heavyweights: GENTING -1.32% RM10.46, SKPETRO -1.91%
RM4.09, MAYBANK +0.81% RM9.87, GENM +2.28% RM4.47, YTL -1.82% RM1.61, PETDAG -1.61% RM30.50,
PCHEM -0.56% RM7.08, MAXIS -0.56% RM7.15.
3) DBT : RA 100mil @ RM0.05 (11.37% PUC @ 16.6%
discount), TSH 15mil @ RM2.38 (1.66% PUC @ 6.4% discount), MFLOUR 12.5mil @
RM1.39 (2.32% PUC @ 21.9% premium).
4) Situational:-
DESTINI +2.77% RM0.37 - Group expanded its presence into
O&G sector by acquiring the entire issued and paid up share capital of
Samudra Oil Services SB, a wholly owned subsidiary of Kejuruteraan Samudra
Timur (KSTB) for RM80m. The acquisition will be fully satisfied via the
issuance of 228.6m Destini shares at an issue price of RM0.35 per Destini
share. Samudra Oil is the sole local player in the provision of tubular
handling and running services for the O&G industry.
5) ILB
The company today announced the ex date on the 18 Nov for
its proposed special dividend consisting of a dividend of 35.72% less 25%
income tax and a single-tier dividend of 83.21%. Recall that this payment is
from the proceeds amounting to RM347.24m for the disposal of IL Shenzen and IL
Henan. The balance RM188m is earmarked for Strategic acquisitions within the
industry which the ILB Group operates.
+ve as investors wait for the next rerating catalyst of a
new strategic asset.
6) Market - The KLCI to remain range bound with a 1800pt
support level in a holiday shortened week.
