FBMKLCI
1872.55 +8.30pts (+0.45%)
Volume 1.197b Value 1.969b
1) The KLCI rebounded today after closing at the support
neckline yesterday as the US market continued to climb overnight. In the
regional market, bourses were also stronger after China's HSBC PMI came in
better than its previous quarter today boosting the NIKKEI +0.66%, HSI +0.91%,
HSCEI +1.16%; several emerging markets namely SET +0.92%, JCI +0.61% also
gained amid optimism in broad region. In the local scene, PLANTATION index
outshined the rest of the sector index gaining +1.48% after hefty gains in
heavyweights IOICORP +4.42%, KLK +0.83%, TSH +5.47%, IJMPLNT +4.32%. Market
breadth was positive with gainers beating losers by 395 : 369. Futures closed at
1874 (1.5points premium)
2) Heavyweights : IOICORP +4.42% RM5.19, AXIATA +1.47%
RM6.90, GENTING +1.01% RM10.00, TENAGA +0.49% RM12.12, DIGI +0.91% RM5.49,
SKPETRO -1.45% RM4.07, PBBANK -0.37% RM21.06, MISC -2.11% RM6.01.
3) DBT : DIGISTA
6.98mil @ RM0.295 (1.65% PUC), MEDAINC 6mil @ RM0.73, MAGNUM 5.25mil @ RM3.05,
EKOVEST 3.082mil @ RM1.15
4) Situational:-
PRTASCO 0.00% RM1.94 - Protasco Bhd's wholly-owned
subsidiary HCM Engineering Sdn Bhd has bagged a MYR21.0m contract from the
Public Works Department to undertake maintenance works on federal roads in Zone
2A, Sarawak. The company said the award encompasses construction of overtaking
lanes from Sibu to Bintulu and from Bintulu to Tatau.
5) Boustead:
announced that group has made the second issuance of RM51.0 million in
nominal value of Junior Sukuk Musharakah. This is under it's Junior Islamic
Medium Term Note Programme of up to RM1.2b nominal value; Neutral on
announcement. We are also neutral on the group as it's prospects are expected
to be mixed. The trading & manufacturing and pharmaceutical divisions
should deliver sustainable recurring incomes. The plantation earnings meanwhile
will hinge largely on CPO price movements while in the property division, the
earnings growth is likely to be flat in the absence of new large-scale property
projects launching of late. The heavy industries division is expected to remain
stable, but we are uncertain whether there will be any potential future cost
overruns for its legacy commercial projects
6) Market : Expect index to consolidate further, support
still at 1860 points level. Momentum seen in plantation & construction
sectors.
