FBMKLCI
1839.61 -2.47pts (-0.13%)
Volume 2.016b Value RM2.082b
1839.61 -2.47pts (-0.13%)
Volume 2.016b Value RM2.082b
1)
The KLCI traded sideways before closing in the red today inline with the weaker
US market overnight as concerns over corporate earnings weighed on sentiments.
In the regional market, bourses were mixed as the HSI -1.62% fell on profit
taking, HSCEI -2.23% while the SHCOMP +0.34% and STI+0.89% closed higher. In
the local scene, TECHNOLOGY +1.02% gained the most grounds boosted by
export names, INARI +1.44%, UNISEM +2.18%, MPI +1.77%, GTRONIC +1.23% while the
FINANCE -0.46% index lost grounds weighed by heavyweights MAYBANK -0.74%,
RHBCAP -2.92%, PBBANK -0.21%. Market breadth was negative with losers outpacing
gainers by 459 : 359. Futures closed at 1839.5 (parity).
2)
Heavyweights : IHH -3.27% RM5.62, MAYBANK -0.74% RM9.38, RHBCAP -2.92% RM7.96,
GENM -1.08% RM4.56, PBBANK -0.21% RM18.98, DIGI +1.44% RM6.30, AXIATA +0.71%
RM7.02, TM +1.35% RM7.50.
3)
DBT: ACOSTEC 7.929mil @ RM0.62 (4.45% PUC), THHEAVY 5.7mil @ RM0.335, SIGN
3.5mil @ RM2.23 (2.91% PUC), SNTORIA 2mil @ RM1.00, TITIJYA 2mil @ RM1.88.
4)
Situational:-
BIOHLDG+35.00%
RM0.27 - Bioalpha Holdings Bhd, which officially commenced trading on the Ace
market today saw 133mil share exchange hands in the market today. Issued at
RM0.20 per share, the share price rose to a high of RM0.33 before closing at
0.27sen. Via the IPO, the company raised RM20 million to be used for research
and development expenditure, capex, repayment of bank borrowings, as well
as working capital to finance business expansion and enhance growth strategies.
The company has set aside capex of RM3 million to set up a herb-processing
plant in Pasir Raja, Terengganu.
5)
Boustead
Bousted
(BHB) BHB has on 14 April 2015 subscribed for 2 subscriptions of Irat shares
resulting in aggregate 93,333,333 Irat Shares representing 50.00% PUC in Irat.
The total cash consideration for the First Subscription and Second Subscription
amounts to RM198.80 million. The remaining 50.00% of the issued and paid-up
ordinary
share capital in Irat are held by the existing shareholders, namely LTAT and
Irat Holdings
Sdn
Bhd.
The
Irat Group is principally involved in property investment through the letting
out of office space and a hotel. The Irat Group is also involved in
the operation of the AES project following the completion of the
ATES
Acquisition.
The
earnings visibility of the AES project remains unclear and thus time will only
tell the viability of this project.
6)
Market: Current mid cap focus to continue with KLCI entering a consolidation
phase.
