FBMKLCI
1815.34pts +7.75pts (+0.43%)
Volume 1.591b Value 1.847b
1) The KLCI rebounded following recent selldown of core
blues as index broke its 3 day losing
streak. In the regional market, bourses were stronger led by SHCOMP +0.86% as
liquidity squeeze eased after China's central bank said it has provided banks
in the country with emergency funding support to meet demand for cash ahead of
the Chinese New Year; HSI +0.45%, NIKKEI +0.99%, STI +0.18%. In the local
market, selected stocks rebounded from oversold level led by MEDIA +4.91%, CBIP
+4.37%, SUPERMX +4.62%, ZHULIAN +4.67%. Market breadth was positive as gainers
surpassed losers by 419 : 357. Futures closed at 1813.5 (2points discount)
2) Heavyweights: YTL +3.94% RM1.58, TENAGA +0.87%
RM11.50, GENTING +1.19% RM10.20, PCHEM +1.35% RM6.72, MAYBANK +0.51% RM9.86,
IOICORP +0.96% RM4.20, PETGAS +0.69% RM23.14, CIMB +0.28% RM7.11
3) DBT: UTOPIA 19.102mil @ RM0.1003 (2.124% PUC), TIGER
16.158mil @ RM0.165 (2.08% PUC @ 15.2% discount), Maybank 9mil @ RM9.86
4) Situational:-
MRCB +4.16% RM1.50 - Kwasa Land Sdn Bhd, a wholly owned
subsidiary of EPF, has completed a pre-qualification exercise that has
attracted 152 developers for the proposed Kwasa Damansara township. Kwasa Land
said its pre-qualification was carried out to select top development partners
for an iconic township development on 2,330 acres of prime land in the heart of
Klang Valley. Some of the possible property players that could take part in the
development include SP Setia Bhd, UEM Land Bhd, Sunway Bhd, Mah Sing Group Bhd,
Malaysian Resources Corp Bhd (MRCB) and IJM Land Bhd. Potential candidates for
the infrastructure works could be WCT Holdings Bhd, IJM Corp Bhd and MRCB.
5) JOBSTREET
The company has proposed to acquire the remaining 40%
interest in PT Jobstreet Indonesia for RM13.74m via the issuance of 6m new
shares at an issue price of RM2.29/share.
6) Market - The technical bounce seen today should see
resistance at the 1825pts levels. After which we expect it to remain range
bound btw 1800-1825pts
