FBMKLCI
1840.35 +6.48pts (+0.35%)
Volume 1.182b Value 1.680b
1) The KLCI opened lower after the US markets declined
for its 3rd straight day but the CI quickly returned into positive territory to
close at 1840pts as the regional bourses rebounded. Bourses were mixed but most
of the major indices recovered steadily thruout the day after opening at is day
low as HSI +0.12%, NIKKEI +0.40%, STI
+0.23%, ASX +0.71% closed above just before the Federal Reserve policy meeting
on Monday. In the local market, o&g
related stocks were actively traded after PETRONAS said it has recently awarded
Transportation and Installation contracts under Pan Msia, BARAKAH +1.29%
(Suspended), SKPETRO +1.77% and Puncak+3.8% all gained. Market breadth was
slightly positive with gainers inching past losers by 366 : 362. Futures closed
at 1832.50 (7.5pts discount).
2) Heavyweights: TM +2.23% RM5.50, SKPETRO +1.77% RM4.58,
TENAGA +0.72% RM11.08, PETGAS +1.32% RM22.90, GENM +1.86% RM4.38, KLK +1.63%
RM24.90, CIMB +0.52% RM7.73, IOICORP +0.69% RM5.81.
3) DBT: BJLAND 15mil @ RM0.75 (8.6% discount), CWORKS
10mil @ RM1.70 (9.09% PUC), SUNWAY 5mil @ RM2.70.
4) Situational:-
MITRA +4.16% RM0.50 - Mitrajaya Holdings Bhd (MHB)
announced that it has accepted a RM428m award to build office buildings for
Suruhanjaya Pencegahan Rasuah Malaysia (SPRM). Its wholly-owned unit Pembinaan
Mitrajaya S/B accepted the award from Putrajaya Holdings S/B, for the proposed
design, construction and completion of the office buildings. MHB said the
building consist of three blocks of office towers, seven level of podium, one
level sub-basement and external works for (SPRM) at the Federal Government
Administrative Centre, Wilayah Persekutuan Putrajaya
5) BARAKAH : announced that its wholly-owned subsidiary
PBJV Group Sdn Bhd has received letters of awards from oil and gas production
sharing companies ("PSCs") for the provision of transportation and
installation of facilities for the year 2014 to 2016 under package A. The
Contract includes transportation and installation of facilities such as
pipelines and related equipment for offshore oil and gas fields within
Malaysia. The Contract period is for 3 years from December 2013 to December
2016 with a 1 year extension option; +ve, although the total value of the
Contract will depend on the actual work orders issued by the PSCs during the
Contract period. The Pan Malaysian's T&I project is purportedly valued at
more than RM2b in it's entirety. Besides this, Co is also bidding for
international work from the Gulf Region through its existing jointventure
partner in Saudi Arabia. This win is expected to contribute positively towards
the earnings and net assets per share of Barakah Group, although the full
impact can only be assessed pending further details.
6) Market: is likely to consolidate its recent gains and
neutralise its overbought position before making another thrust towards the end
of the year.
