FBMKLCI
1787.5 -7.54pts (-0.42%) Volume 1.583b Value RM1.931b
1)The KLCI succumbed to selling pressure as selective
bluechips weighed the index to a low of -14pts before closing 7.5pts lower.
Region bourses were stronger following the higher US market overnight with
SHCOMP leading in gains, HSI gained +1.70%, HSCEI +2.13%, NIKKEI +0.30%.
CONSTRUCTION-1.46% lost the most grounds dragged by GAMUDA-2.7%, IJM-1%,
WCT-2%. Market breadth was negative with losers outpacing gainers by 497 : 296.
Futures closed at 1777.5pts (10pts discount).
2) Heavyweights : TENAGA -2.14% RM13.70, SIME -2.12%
RM8.75, CIMB -1.87% RM5.75, GENTING -1.46% RM8.75, IOICORP -1.46% RM4.03,
SKPETRO +2.73% RM2.63, DIGI +0.86% RM5.84, PETGAS +1.00% RM22.20.
3) DBT: SCH 3.498mil @ RM0.275, XINGHE 3.3mil @ RM0.065.
4) Situational:-
ECONBHD -1.85% RM1.06 - Econpile Holdings Bhd's
wholly-owned subsidiary, Econpile (M) Sdn Bhd, has bagged a RM26.7m contract
for piling and substructure works for a proposed commercial cum office
development project. The project is located in Section 13, Petaling Jaya,
Selangor. The contract,awarded by Vistayu Sdn Bhd for a duration of 62 weeks,
was expected to complete in July 2016.
FAJAR +1.14% RM0.44 - Fajarbaru Builder Group Bhd's
subsidiary, Fajarbaru Builder Sdn Bhd, has secured a RM109.6m infrastructure
contract from East Coast Economic Region Development Council in Pahang.
Fajarbaru Builder said the contract involved the proposed construction and
completion of the Kuantan Port Expansion External Insfrastructure works in
Kuantan. The project comprises development of access roads and bridge to port,
upgrading the existing Drain C and all associated works.
5) COCOLAND
The Board of
Directors of Cocoaland wishes to inform that Cocoaland has received a
non-binding indicative offer letter dated 22 May 2015 from Navis Asia VII
Management Company Ltd for the proposed acquisition of all the assets and
liabilities of Cocoaland.
The said letter of offer will be tabled to the Board for
deliberation at the Company's Board of Directors' Meeting scheduled to be held
on Monday 25 May 2015.
The counter will remain suspended till Monday 5pm.
6) Market: The heavy sell down particularly in core blues
today has shaken investor confidence and should see the KLCI drift next week
with a stronger support seen at 1770pts levels. However Petronas 1Q results
today which incl guidance of RM70bn capex vs RM60bn in 2014 should give some
comfort to the O&G sector. Div payment this year will also be cut by RM3bn
to RM26bn.
