FBMKLCI
1883.34 +3.51pts (+0.19%)
Volume 1.680b Value 2.301b
1) The KLCI was catapulted into the green, closing at an
all-time high during auction boosted by selected plantation heavyweights,
namely IOICORP +1.72% & KLK +1.29%. This is despite the weaker US market
overnight which slipped after investors continued to trim positions in small
cap and tech stocks. In the regional market, sentiments were generally weaker
as bourses consolidated, HSI -0.08%, SHCOMP +0.08% & STI -0.35% all closed
flat while the NIKKEI closed -1.41% lowers. In the local scene, while the Index
closed in record territory, profit taking continue to in the broader market
with Industrial Index losing the most grounds today dragged lower by MAS
-9.52%, LAFMSIA -1.28% MISC-0.30% and BAT -0.39%. Market breadth was negative
with losers beating gainers by 420 : 341. Futures closed at 1880.5 (3points
discount)
2) Heavyweights : PBBANK -0.60% RM19.84, DIGI -0.54%
RM5.49, IOICORP +1.72%, PCHEM +1.18%, TM +1.57%, TENAGA +0.50% RM12.06, KLK
+1.29% RM25.02, GENTING +0.61% RM9.86,
3) DBT : PDZ 8mil
@ RM0.1825, KINSTEL 5mil @ RM0.17, RPB 4mil @ RM0.42.
4) Situational:-
THHEAVY -2.06% RM0.95- THHEAVY has secured a contract for
its floating production, storage and offloading vessel with Japan's JX Nippon
Oil & Gas Exploration in a deal worth US$900m (RM2.9bn). The FPSO will be deployed in early-2016 once
the Layang (Sarawak) field starts production. The primary contract worth
US$400m (RM1.29bn) will run for 7½ years, with an annual renewal option for the
next 10 years. The extension option is said to be worth about RM1.61bn.
5) FIAAMA
Fiamma Logistics
Sdn Bhd a wholly-owned subsidiary entered into a Sale and Purchase Agreement
with Binastra Land Sdn Bhd for the
acquisition of the acquisition of two 2 pieces of industrial land both situated
in Mukim Kapar, Daerah Klang, Negeri Selangor measuring in aggregate
approximately 25,415 square meters (6.28 acres/ 273,567 square feet), for a
total purchase consideration of RM30.09m.
The Acquisition is to cater for the relocation and
centralisation of Fiamma and its subsidiaries' logistic operations, with
allowance for future expansion.
+ve as this allows the company to redesignate up to 3
acres from their existing warehouse in Bandar Manjalara for housing
development.
6) Market - Rotational play to continue buoyed by the
record setting KLCI fuelled by higher plantation stocks.
