FBMKLCI
1826.31
-4.47pts (-0.24%) Volume 2.910b Value
RM1.571b
1)
The KLCI traded in the red thruout the day before closing -0.24% lower
following the weaker US market overnight. Regional bourses were mixed as the
SHCOMP and HSI led the region gaining +1.66% and +0.73% respectively following
stronger China PMI data which showed an increase in activity, NIKKEI-0.90% and
ASX -0.52% however was inline with the jittery sentiments amid Grexit concerns
and Iran's nuclear talks dampening oil prices. In the local scene, TRADING
-0.53% lost the most grounds weighed by GENTING -2.22%, GENM -2.12%, WPRTS
-2.98% while the TECHNOLOGY +1.17% index outperformed after gains by JCY
+6.38%, UNISEM +3.21%, GHLSYS +3.84%. Market breadth was negative with losers
beating gainers by 478 : 291. Futures closed at 1829.5 (3pts premium).
2)
Heavyweights : GENTING -2.22% RM8.80, GENM -2.12% RM4.14, PBBANK -0.42%
RM18.80, SKPETRO -1.69% RM2.32, PCHEM -0.70% RM5.60, BAT -1.16% RM67.86, TM
+0.96% RM7.34, CIMB +0.32% RM6.24
3)
DBT: MYEG 7mil @ RM2.85 (4% premium), SMI 6mil @ RM0.15 (12% discount,
2.85% PUC), YNHPROP 2.065mil @ RM1.9322
4)
Situational:-
PARKSON-4.11%
RM2.10 - Parkson Holdings 53.1%-owned Parkson Retail Group (PRG) announced that
according to the arbitral award issued by China International Economic and
Trade Arbitration Commission, an award has been made in favour of an
independent third party while Parkson Retail Development Co., Ltd (Tenant)
ordered to pay a fee of RMB36.8m (equivalent to RM21.9m) for the occupation of
the Premises after the termination of the Tenancy Agreement a rental in the amount
of RMB89.9m (equivalent to RM53.7m) which the Arbitration Commission had
determined to be payable by the Tenant.
5)
ZECON
Zecon
Land, a wholly owned subsidiary of Zecon had today entered into a
Joint Development Agreement with PR1MA Corporation Malaysia in relation to the
development and construction of PR1MA Homes, PR1MA Premier Homes and retail
units together with all the necessary amenities, utilities, common facilities
and infrastructure on a portion of land measuring approximately 54.157 acres,
being part of the land situated in, Kuching, Sarawak, Malaysia. The Development consists of approximately 2,000 units of
housing accommodation and retail units constructed over 4 years. +ve
6) Market – Maintain current range
bound trading with next event closely watch being the trade numbers on the 3rd
and foreign reserves on the 7th
