FBMKLCI
1852.00 +4.24pts (+0.23%)
Volume 2.347b Value 2.636b
1) The KLCI rose today after the US S&P 500 closed at
record high as positive data on factory activity indicated that economic growth
was back on track following a slowdown during winter. In the regional market,
markets were stronger led by optimism from the west as NIKKEI+1.04%, HSI
+0.34%, SHCOMP +0.56% all closing into the green; China developers rallied on
speculation the government will relax housing curbs soon. In the local scene,
Property stocks gained traction today boosted by UEMS +0.91%, SPB +3.20%, NAIM
+0.608%, DBHD +10.47% today. Market breadth was skewed towards the positive end
with gainers outpacing losers by 543 : 270. Futures closed at 1849.5 (2.5pts
discount).
2) Heavyweights: PBBANK +1.56% RM19.48, SKPETRO +2.63%
RM4.68, CIMB +0.69% RM7.21, GENM +1.44% RM4.22, PETGAS +0.90% RM24.42, UMW
+2.19% RM11.20, ASTRO +3.10% RM3.32, TENAGA -1.83% RM11.74.
3) DBT: PMHLDG 7.011mil @ RM0.07, PMETAL 3.62mil @ RM2.20
(8.0% PUC), SEG 1mil @ RM1.50
4) Situational:-
UZMA -2.33% RM6.27 - Uzma has entered into a contract
with Petroliam Nasional Bhd (Petronas) to carry out the development and
production of petroleum from the Tanjung Baram field. Uzma Energy Venture
(Sarawak) and its partner entered into a 9 year small risk service contract
estimated at US$100 million (RM326 million). The RSC is managed by Uzma Energy
Venture (Sarawak) and its joint venture partner, EQ Petroleum Developments
Malaysia Sdn Bhd, on a 30% to 70% basis.
5) PNB
Prime Minister Datuk Seri Najib Tun Razak today launched
a RM10 billion Amanah Saham Bumiputera 2 (ASB2) unit trust scheme managed by
Permodalan Nasional Bhd (PNB), Malaysia's biggest fund manager. PNB has
apportioned RM10 million to be disbursed as incentives to investors in ASB2,
the 10th unit trust scheme by PNB. The prime minister said 10 free units of
ASB2 would be credited to the account of unitholders, who registered from today
till Dec 31, subject to the availability of the units.
+ve with strong take up as financial institutions have
products to finance these units which in the past has garnered returns of up to
7% pa. This fresh injection of funds will further support the KLCI especially
Maybank, Sime, Axiata, UMW, TNB, Maxis, TM, Digi, MISC, MMC, PNB's top 10
holdings.
6) Market - Focus to remain on small/mid caps with KLCI
remaining in its consolidation phase.
