FBMKLCI
1846.05 -3.44pts (-0.19%)
Volume 2.592b Value 1.849b
1) The KLCI was inline with the weaker region today as it
closed in the red, erasing the earlier gains following the mixed positive US
market over the weekend despite the positive reaction to Scotland's vote to
remain as part of the UK. In the regional market, bourses were generally lower
following the weaker SHCOMP -1.70% as investors take profit ahead of China's
HSBC PMI that's due tomorrow; the HSI -1.44% and NIKKEI-0.70% also fell ahead
of the data. In the local market, TRADING/SERVICES sector fell -0.43% weighed
by heavyweights TENAGA, IHH, SKPETRO, YTL. Market breath was negative as losers
beat gainers by 444 : 384. Futures closed at 1835.5 (11pts discount).
2) Heavyweights : TENAGA-1.45% RM12.20, IHH-1.96% RM5.00,
PPB-2.22% RM14.08, KLK-1.40% RM21.12, SKPETRO -0.94% RM4.18, IOICORP +1.44%
RM4.90, PBBANK +0.42% RM19.12, MAXIS +0.89% RM6.26.
3) DBT : PWORTH 17mil @ RM0.20 (4.30% PUC @ 27.3%
discount), LUSTER 10mil @ RM0.10 (13.1% discount), SUMATEC 10mil @ RM0.435
(4.8% premium).
4) Situational:-
IRIS +5.00% RM0.42 - Iris Corp Bhd is on the verge of
announcing a concession-based job to manage the Government's system of goods
and services tax (GST) refunds for foreign travellers to Malaysia. Iris was
short-listed as one of two parties vying for the 5-year concession deal from an
initial list of four parties. A decision to give the job to Iris had been made
and the company has been informed, according to one source familiar with the
matter. When asked, managing director Datuk Tan Say Jim does not elaborate but
notes that an announcement on the outcome of the tender should come out soon in
view of the Government's plans to implement the GST next April.
5) MITRA
Announce that its wholly owned subsidiary, Pembinaan
Mitrajaya Sdn Bhd accepted from Raffles American School, the award for the
proposed main contract works for academic blocks, boarding facilities, support
facilities and outdoor sport facilities at Lot 189155, Nusajaya, Mukim Pulai
Daerah Johor Bahru for a contract sum of RM270m.
The Contract is for duration of 80 weeks and is expected
to be completed within 80 weeks of commencement of work order.
The Contract is expected to contribute positively to MHB
Group's future earnings and there is no material effect for the financial year
ending 31 December 2014.
+ve adding to its already sizeable order book of RM1.2bn
vs its market cap of RM375m
6) Market - Regional concerns over China's growth and
expected rising int rate back drop will continue to limit gains. Range bound
trading to continue btw 1835pts to 1870pts.
