FBMKLCI
1602.75 +12.56pts
(+0.79%) Volume 1.713b Value RM 1.533b
1) The KLCI trended higher today following the stronger
US market overnight after Fed's beige book indicated that the country's
economic activity is still on expansion mode ahead of the expected rate hike in
Mid Sept. Regions were mixed as the NIKKEI +0.48% and STI +0.93% gained inline
with the global markets while the ASX -1.44% closed lower weighed by Utilities
and Telco names. TECHNOLOGY +1.32% index gained the most grounds today, namely
JCY +2.40%, UNISEM +2.31%, GHLSYS +3.88%, GTRONIC +1.04% on renewed interest as
the local currency weakened further to RM4.2465 against the Dollar. Market
breadth was positive today as gainers outpaced losers by 577 : 213. Market
futures closed at 1581 (21pts discount).
2) Heavyweights :
CIMB +3.77% RM4.95, SIME +1.86% RM7.64, GENM +3.20% RM4.19, GENTING +2.28%
RM7.15, SKPETRO +4.73% RM1.77, TENAGA +0.71% RM11.20, MAYBANK +0.59% RM8.47,
DIGI +0.58% RM5.12
3) DBT: PLENITU 5.004mil @ RM1.75 (1.31% PUC, 14%
discount), SCOPE 2.65mil @ RM0.16, HHGROUP 2.4mil @ RM0.40
4) Situational:-
SUNWAY +2.07% RM3.45 - Sunway Bhd has rewarded its
shareholders with a special dividend of 26 sen a share. It said that the
dividend would go ex on Sept 30 and be paid on Oct 16. The dividend arose from
the proceeds raised from the offer for sale of 398.7m Sunway Construction Bhd
shares, which was a unit of Sunway Bhd - under its listing exercise on July 28.
HTPADU +6.66% RM0.64 - HeiTech Padu Bhd has been awarded
a RM120.6m contract from the National Registration Department (JPN) for the
maintenance of its Main Information and Communications Technology Business
System. The contract was for two years
starting July 1, 2015. & not
expected to have any material effect on the earnings per share, dividend
policy, gearing, share capital and the substantial shareholders' shareholdings
of the company for the financial year ending Dec 31, 2015
5) SALCON
Salcon is pleased to announce that Envitech Sdn Bhd, a
60% owned subsidiary of Salcon Engineering Berhad, accepted the Letter of Award
issued by Knowledge Vision Sdn Bhd for the proposed Upgrading, Rehabilitation
and Expansion of Existing Sewerage Treatment Plant from 54,000PE Capacity to
134,000PE Capacity at Hulu Langat, The project is for 16mths commencing 10 Sept
with a value of RM14.5m.
6) Market - Range bound btw 1580-1620pts awaiting fresh
developments from particularly the US and China.
