FBMKLCI
1808.59pts +10.69pts (+0.59%)
Volume 1.860b Value 2.204b
1) The KLCI climbed higher for the 3rd consecutive day
after the US market recorded its best gains for the year as jobless claims
fell. The regional market was stronger as SHCOMP +0.56%which reopened today
after a week long break from the Lunar Holiday; HSI +1.00% and NIKKEI +2.17%
was also higher just before the release of crucial US jobs data tonight. In the
local market, buying interest continue to boost sentiments in the market as
selected second liners saw significant gains led by CBIP +3.55%, MKH +5.75%,
JCY +3.65, MPI +3.43%, MEDIA+3.7%. Market breadth was positive with gainers
beating losers by 542 : 256. Futures closed at 1810 (1.5 pts premium).
2) Heavyweights:
TENAGA +2.62% RM11.74, DIGI +2.47% RM4.97, CIMB +1.30% RM7.01, MAYBANK
+1.03% RM9.80, SIME +0.67% RM9.01, IHH +1.66% RM3.66, BAT +1.38% RM61.64, ASTRO
-3.28% RM2.94
3) DBT: HUBLINE 60mil @ RM0.05 (1.843% PUC), BRIGHT 12mil
@ RM0.50 (9.24% PUC @ 13.1% discount), TFP 2.624mil @ RM0.3804 (1.30% PUC @
16.4% discount).
4) Situational:-
UMWOG +6.49% RM4.43 - Company has awarded a contract
worth USD218.0m (RM725.5m) to Keppel Corp Ltd's subsidiary to build its sixth
jack-up rig. The job awarded to Keppel FELS Ltd was for the design, engineering
and construction of the rig vessel KFELS B Class jack-up rig.
5) UEM/ KLK
UEM Sunrise Bhd and KLK will jointly develop two mixed
property development in Gerbang Nusajaya and Fraser Metropolis in Johor with a
gross development value of RM20 billion. The development will involve two
parcels of land measuring 1,200 hectares (ha) worth RM1.74 billion .The land
located in Gerbang Nusajaya will be developed by Scope Energy Sdn Bhd, a 60:40
JV between KLK Land and UEM Land, respectively.
The proposed development in Gerbang Nusajaya will
comprise affordable housing and an entertainment hub for motor sport while
Fraser Metropolitan will consist of residential, industrial and commercial
components.
Launches for the properties are expected to take place in
the second half of next year, pending master planning and development
approvals.
The planned development in Gerbang Nusajaya, covering
202.3ha, is estimated to generate a GDV of RM5 billion over eight years.
6) Market - Volatility to continue with immediate
direction to continue to be dictated by US Economic numbers.
