FBMKLCI
1726.86 +4.62pts (+0.27%) Volume 1.475b Value RM1.737b
1) The KLCI closed
at its day high inline with the stronger US market overnight as it shrugged off
concerns over the on-going Greek saga. Regional bourses were mostly higher with
SHCOMP +1.65% leading in gains on state reform hopes, HSI gained +0.70%, ASX
+1.08%, STI +1.07%. TECHNOLOGY +1.28%
gained momentum late in the afternoon as the Ringgit weakened, INARI +3.36%,
UNISEM +3.12%, ELSOFT +13.09%. FINANCIAL also gained +0.50% helped by CIMB
+3.36%, MAYBANK +0.54%, TAKAFUL +1.51%. Market breadth turned positive as
gainers led losers by 405 : 342. Futures closed at 1719.5 (7pts discount).
2) Heavyweights : CIMB +3.36% RM5.53, GENTING +2.56%
RM8.40, SKPETRO +4.58% RM2.51, MAYBANK +0.54% RM9.20, GENM +0.71% RM4.24, IHH
-2.07% RM5.66, TENAGA -0.45% RM13.16, KLK -1.40% RM21.10.
3) DBT: MSPORTS
80mil @ RM0.11 (15.459% PUC), HAPSENG 10mil @ RM5.02, LIENHOE 4mil @ RM0.30
(1.10% PUC), BARAKAH 0.5mil @ RM0.945.
4) Situational:-
CENTURY +2.95%
RM0.87 - Century Logistics Holdings Bhd's unit Century Total Logistics Sdn Bhd
(CTL) has received approval for a special incentive package from the Malaysian
Industrial Development Authority. The supply chain solutions provider said that
that it would enable CTL to qualify for income tax exemption (ITA) via
investment tax allowance of 60.0% of qualifying capital expenditure within a
five-year period from the year of assessment 2015. The ITA can then be used to
deduct up to 70.0% of the statutory income for each year of assessment.
5) ECOPILE
Announced that it received a LOA from Ahmad Zaki to
undertake substructure and basement works on a proposed hotel cum office
development project on Jalan Sultan Ismail for a contract sum of RM49.9m. The duration
of the contract is 15mths with completion by Sept 2016.
This contract win will push the number so far since its
debut on the KLSE to almost RM500m with a tender book of RM1bn. +ve
6) Market - Threats of Greece exit from the EU and
domestic political issues will see current volatility continue on a weak bias.
