FBM30 1496.15, +4.69 points (+0.31%), Volume 942.5mil, Value 886.7mil
1) The market traded in the positive territory in thin volume ahead of the long weekend Christmas break and expected further +ve economic data from the US later today. Index closed marginally higher, just below the 1,500 psychological level with most of the heavyweights muted. Construction (+1.1%) led the gainers IJM+3%, MRCB+1%, AZRB+3% along with some select sits: LMCEMNT+4.6%, PETDAG+1.7%, KLK+1%. Market breadth was positive amid both volume and value fell below the 1bn mark, as gainers outpacing losers 413:292. Futures closed 1498 (2 points premium)
2) Heavyweights: CIMB-1.3% RM7.09, DIGI+1.6% RM3.74, GENTING+1.1% RM10.88, IOICORP+1% RM5.19, TENAGA+0.9% RM5.84, BAT+2.8% RM49.20,TM+1.3% RM4.80, UMW+2.3% RM6.60, MAYBANK-1.2% RM8.35, PBBANK-0.6% RM13.18.
3) DBT: MENANG 25mil @ RM0.20, A&M 10mil @ RM0.415, SUNWAY 7.5mil @ RM2.40
4) Situationals:
MRCB+1% RM2.09: Shares edged up after its unit MRCB Engineering Sdn Bhd has been awarded a RM13.93mil contract to upgrade the Sabah EPF building. The project involved renovating and upgrading the EPF building in Kota Kinabalu, Sabah of approximately 400,000 square feet. The project would be financed via internally generated funds and/or borrowings, and completed within 18 months from Jan 16, 2012.
PERISAI+6.6% RM0.73: Share price rose in active trade after the company said it expects contribution from its mobile offshore production unit (MOPU), which it acquired through Garuda Energy (L) Ltd to be realised by FY12. Its MD said that the acquisition would be finalised by the end of this year and will start contributing to the group's bottom line from the first day of its operation as the group's asset.
5) SUNWAY BERHAD
Announce that Sunway Geotechnics (M) Sdn Bhd, a wholly-owned subsidiary of Sunway Construction Sdn Bhd, which in turn is a wholly-owned subsidiary of Sunway Holdings Sdn Bhd and which in turn is a wholly-owned subsidiary of Sunway, had on 22 December 2011, accepted the letter of award for a contract worth RM27.57m from Hap Seng Land Development (JTR) Sdn Bhd for the proposed construction and completion of earthworks, pilings, basement (B2 & B1) and ground floor RC structures for 1 block of 43-storey service apartment at Lot 28, Seksyen 90, Jalan Tun Razak, Kuala Lumpur
The Proposed Project is targeted to be fully completed on or by 12 December 2012 with a construction period of 12 months. It is expected to contribute positively to the earnings of Sunway Group for the financial year ending 31 December 2012 onwards.
6) Mkt - Bursa will be closed on 26th Dec and resume trading on the 27th. Merry Christmas!