FBMKLCI
1870.85 -3.27pts (-0.17%)
Volume 2.180b Value 2.015b
1) The KLCI closed in the red following the weaker US
market overnight which closed down after bond yields rose to the highest level
in the month ahead of upcoming FOMC next week. In the local market, NIKKEI
+0.25% rose after yen continue to trail; HSI -1.93% closed noticeably lower
following statements from the Premier Li Kequang that indicated money-supply
growth has slowed just before the official release by PBOC, SHCOMP was also
lower by -0.35%. In the local market, the defensive CONSUMER index lost the
most grounds today weighed down by heavyweights BAT -1.35%, PPB -0.94%, F&N
-1.38% today. Market breadth was
negative thruout the session as losers edge gainers by 424 : 399. Futures
closed at 1867.5 (3 pts discount).
2) Heavyweights : CIMB -0.95% RM7.25, BAT -1.35% RM71.54,
TENAGA -0.31% RM12.50, PBBANK -0.20% RM19.18, GENTING-0.51% RM9.60, MISC -0.87%
RM6.84, KLK +2.00% RM22.42, GENM+ 0.69% RM4.35.
3) DBT : EDUSPEC 10mil @ RM0.20 (1.30% PUC @ 20%
discount), SANICHI 4mil @ RM0.135, BORNOIL 3.625mil @ RM0.55 (1.56% PUC @ 8.4%
discount).
4) Situational:-
BHS+1.40% RM2.89 - Federal Land Development Authority has
acquired 11.1% stake in BHS Industries Bhd, equivalent to eight million shares.
Following the exercise, Felda has became a substantial shareholder in the
printing company. BHS, an investment holding company, is engaged in the
printing of magazines, school textbooks, general publications, directories,
company annual reports, brochures and pamphlets.
5) SEB : announced that associate company Selekta Spektra
SB (SSSB) had on 10 September 2014 entered into a Joint Venture Agreement with
Minda Pilihan SB (MPSB ) to form a joint venture where SSSB shall provide part
of 567.3 acres land identified as Wilayah Papan Ulu, Kinta,Negeri Perak
("the Land"), measuring in area approximately 200 acres and MPSB
undertakes, at its own cost and expense, to carry out the development on the
said Land or part thereof into a plantation estate or other economic
activities. The Proposed JV is expected to maximize the return on the
investment of the Company and sage of the JV Land and be part of the SEB
Group's effort on green initiative for Corporate Social Responsibility;
Neutral.
6) Market : Market is expected to consolidate further.
Technical indicators remain flattish, indicating unexciting buying interest.
The index could continue to trade sideways range-bound between 1860-75 for the
week, while awaiting fresh catalyst to determine market direction
