FBMKLCI
1825.54 +4.29pts (+0.24%) Volume 2.118b Value 2.155b
1)The KLCI closed marginally higher today despite the
weaker US market which stalled at record highs following a set of weaker auto
sales data. In the region, bourses were mixed as investors look to the ECB and
China's Annual NPC tomorrow for more clarity, NIKKEI -0.59%, HSI -0.96%, ASX
-0.55% fell whilst the SHCOMP +0.51% bucked the trend. The local index traded
sideways today with INDUSTRIAL 0.51% index gained the most grounds boosted by
PPB +1.90%, MISC +0.84%, PETGAS +0.51% while the ACE market saw profit taking
as DGSB -12.00%, NEXGRAM -4.34%, PRIVA-2.38% all fell with volume. Market
breadth was negative with losers outpacing gainers today by 473 : 345. Futures
closed at 1813.5 (12pts discount).
2) Heavyweights : PBBANK+1.18% RM18.82, TENAGA +0.40%
RM14.72, PCHEM +1.10% RM5.51, PPB +1.90% RM14.96, SKPETRO +1.53% RM2.64, AXIATA
+0.42% RM7.13, GENTING -2.46% RM8.72, MAYBANK -0.74% RM9.28.
3) DBT: MULPHAL 10.959mil @ RM0.4628 (4.8% PUC), CHINWEL
4.5mil @ RM1.48 (1.50% PUC), CVIEW 3.84mil @ RM2.63
4) Situational:-
TIMECOM +3.94%
RM5.80/ TM+0.41% RM7.23 - Telekom Malaysia and TT dotCom Sdn Bhd (TTdC) are set
to jointly install a submarine cable connecting Peninsular Malaysia, Sabah and
Sarawak. Dubbed 'Sistem Kabel Rakyat 1Malaysia (SKR1M), the project was awarded
by the Malaysian Communications and Multimedia Commission MCMC to TM through a
Public-Private Partnership arrangement between both parties. Following a
memorandum of understanding signed between TM and TTdC today, a SKR1M
Consortium would be set up for SKR1M development.
MFCB +1.14% RM2.64
- Mega First's wholly-owned subsidiaries Ground Roses Ltd and Silver Acreage
Ltd had signed a shareholders' agreement with state-owned Electricite du Laos
(EDL), to regulate the parties' participation in the project company that will
be undertaking the development and implementation of the 260MW Don Sahong
Hydropower project.
5) BCB : announced that the group had entered into a MOU
with HELP University Sdn Bhd to establish an arrangement between HELP and BCB
to enter into a partnership for the purpose of setting up an education and
training centre/college in Kluang, Johor as and when agreed by both parties
from time to time to provide quality, affordable and accessible education and
training programmes. Terms of the MOU includes the incorporation of a legal
structure to formalize the joint property of HELP University and BCB, BCB to
provide infrastructure such as lands and building & HELP to set up,
establish and manage the abovementioned Education and Training Centre.The MOU
shall be valid for 5 years; Neutral - the purpose of MOU is merely to forge
good relationship and understanding between the parties. The financial effects
of the MOU can only be established upon finalization of the terms and
conditions and execution of the formal agreement.
6) Market: The index is expected to further consolidate
with the underlying trend remaining up. With the absence of fresh catalysts
& lack of momentum, we maintain the local bourse could further trade
sideways between 1800-1830 this week.
