1) The KLCI fell -0.64% today inline with the weaker
global market as the US and European stocks fell over the weekend. Region
bourses were mostly lower following the SHCOMP biggest one-day slump since 2008
which erased 8.4% today, HSI -3.09%, HSCEI -3.84%, ASX -1.53%, STI -1.14%,
NIKKEI -0.95% all closed in the red. FINANCIAL - 1.03% index led in losses
dragged by heavyweights CIMB, MAYBANK, RHBCAP & PBBANK. Market breadth was
negative with losers beating gainers by 609 : 290. Futures closed at 1703.5pts (6pts discount).
2) Heavyweights : CIMB -3.09% RM5.33, MAYBANK -0.75%
RM9.16, GENTING -1.93% RM8.11, PBBANK -0.52% RM18.90, YTL -3.12% RM1.55, KLK
-1.77% RM22.12, PPB -1.82% RM15.10, DIGI +0.92% RM5.43.
3) DBT: SUMATEC 22.5mil @ RM0.15, KRETAM 4.93mil @ RM0.35
(15.6% discount), ASIAFLE 3.653mil @ RM3.48 (1.91% PUC), JAKS 1mil @ RM0.965.
4) Situational:-
IKHMAS +43.86% RM0.82 - Ikhmas Jaya Group Bhd, which made
its trading debut on the Main Market of Bursa Malaysia today, is the most
traded stock as well as the day's top gainer. Its shares opened at 68 sens, an
11 sens premium to its issue price of 57 sen and closed at its day high
(RM0.82) with over 171mil shares traded.
5) DENKO
The stock which has gained 95% YTD today plans to
diversify into other industries, including plantations and battery
manufacturing, to enhance its shareholder value.
This incl expanding its business in Indonesia via unit,
Winsheng Plastic Industry Sdn Bhd, following the Indonesian government's
intention to increase local content in car, electronics and information
technology sectors. A sophisticated injection-moulding and mould fabrication
factory in Jakarta with the latest equipment technologies will be set up to
fulfill the local content requirement.
The current strong US dollar has further strengthened the
company's pricing competitive advantage as its products were export-based.
6) Market - Choppy trading to continue with resumption on
selling in China markets and commodity weakness, however expect KLCI current
support levels of 1680pts to be maintained for the moment.
