FBMKLCI
1839.14 +1.97pts (+0.11%)
Volume 2.084b Value 1.974b
1) The KLCI traded sideways throughout the day before
closing in the positive territory for the 5th consecutive day. This is inline
with the US market which broke its 2 day losing streak as US consumer confidence rose to a 6 year high. In
the regional market, bourses were mixed as HSI +0.72% rebounded amid
speculation that the Chinese government will be loosening funding restrictions for property developers,
SHCOMP-0.18% however fell into the red after a strong open today. In the local
scene, TECHNOLOGY +0.93% stocks outperformed the rest of the sector today
boosted by gains in GPACKET +11.82% , GTRONIC +2.44%, UNISEM +1.00%, EFORCE
+4.87%. Market breadth was positive with gainers stomping losers by 445 : 336.
Futures closed at 1838 (1 pt discount).
2) Heavyweights: SKPETRO +1.38% RM4.39, TM +1.47% RM6.20,
DIGI +0.94% RM5.34, PBBANK +0.31% RM19.20, IHH +1.07% RM3.78, IOICORP +-1.04%
RM4.76, CIMB -0.42% RM7.12, BAT -1.13% RM53.50.
3) DBT: PWROOT 21.430mil @ RM1.72 (7.11% PUC), INFOTEC
5.810mil @ RM0.30, INARI 5mil @ RM2.58 (8.9% discount), TITIJYA 4mil @ RM1.86
(1.17% PUC), CRESBLD 1mil @ RM1.50
4) Situational:-
SMARTAG -5.00% RM0.095 - Smartag Solutions Bhd will
supply a terminal and front end system, as well as back end Near Field
Communication engine for RM475,000 to Danawa Resources Sdn Bhd. Smartag said the transaction is deemed as a
related party transaction, as Amar Abdul Hamed is also a director and
controlling shareholder of Danawa, holding 99.99% stake. The RPT is a one-off
transaction which will take about three months and is expected to be completed
in the third quarter of the financial year ending Sept 30, 2014,"
5) SYMPHNY
Ranhil Energy and Resources Berhad (Ranhill Energy) has
proposed a reverse takeover of Symphony House Berhad. Both parties have entered
into a HOA to negotiate and finalise a definitive agreement within 2 months.
Ranhill Energy’s principle business is in the water, Power and O&G
industry.
Part of the plan includes consolidation of every 10
existing shares into 1 Symphony share. Symphony will issue new shares at RM1.50
per share as part consideration for Ranhill Energy. There will also be a
renounceable rights issue of 1 new share for every existing share held.
Current management team led by Tan Sri Mohamed Azman
Yahya will acquire all he equity interest in Symphony for RM60mil.
Trading resumes tomorrow.
6) Mkt: Sell into strength on possible 1Q ending window
dressing acitivities. Recent outperformers include Digi, Astro, TM.
