FBMKLCI
1741.37 -2.04pts (-0.12%) Volume 1.730b Value RM2.147b
1) The KLCI swung between a 9 pts trading band before
closing lower (-2pts) despite the stronger US market overnight ahead of the May
jobs report due this Friday. In the regional scene, bourses were mixed as the
ASX led in losses -1.73%, STI fell -1.51%, HSI -0.47% while the SHCOMP gained
+1.69%. In the local scene, TECHNOLOGY one of the biggest winners from strong
USD +1.24% index gained the most ground boosted by GTRONIC +4.69%, VITROX
+3.83%, MPI +1.28%. Market breadth was positive as gainers outpaced losers by
571 : 262. Futures closed at 1722.5
(18pts discount).
2) Heavyweights : SKPETRO +3.77% RM2.75, KLK +2.19%
RM21.46, SIME +0.60% RM8.35, MAYBANK +0.32% MR9.14, PPB +1.32% RM15.30, IOICORP
+0.74% RM4.04, CIMB -3.02% RM5.46, AXIATA +0.15% RM6.34
3) DBT: BCB 22mil
@ RM0.90 (10.66% PUC @ 7.3% ), CWORKS 20mil @ RM0.26 (16.52% PUC), TROP
11.351mil @ RM1.06
4) Situational:-
EWEIN +4.30% RM0.97 - Precision sheet metal fabricator
Ewein Bhd's wholly-owned subsidiary Ewein Land Sdn Bhd has received the nod from
its board of directors to incorporate a new 60.0%-owned subsidiary in Malaysia,
Ewein Zenith II Sdn Bhd. Ewein said an application was made to the Companies
Commission of Malaysia (CCM) on June 1. The intended principal activities of
Ewein Zenith II will be property development, construction and property
investment.
5) MEGA FIRST
Mega First via wholly owned sub RCI, entered into a
conditional Share Subscription Agreement with MJSB and two unrelated third
parties to subscribe for 51.22% equity interest in the enlarged issued and
paid-up share capital of MJSB for the cash consideration of RM12.69m .
Concurrent with the execution of the Subscription
Agreement, RCI has entered into a Call and Put Option Agreement for RCI to
acquire from the Individuals the remaining 48.78% equity interest in the
enlarged issued and paid-up share capital of MJSB at the price of RM63.45 per
share or an aggregate cash consideration of RM12.69m at any time the Call
Option Period (which is the period within 21 days after 1 June 2018) or within
the Put Option Period (which is the period within 21 days after the Call Option
Period), respectively.
MJSB only major asset is a piece of land measuring
approximately 34.398 hectares in Mukim Teja, District of Kampar, State of Perak
with a leasehold period expiring on 6 May 2073.
6) Market - Bargain hunting activity today indicates that
the KLSE may have found a short term bottom with wider participation in the
broader market as gainers led 2:1. KLCI rebound however will be restricted to
1780/1800pts until further positive leads emerge.
