FBM30 1560.52, -3.26 points (-0.21%), Volume 2,230.8mil, Value 1,937.1mil
1) Regional markets were cautious as investors remained nervous about Greece's ability to execute its austerity plan, as the KLCI traded sideways to negative throughout the day. Profit taking in Plantation (-0.9%) heavyweights dragged down the index with PPB-2.8%, IOICORP-1.8%, KLK-1.5%. Although market volume was relatively higher, total value remained low suggesting penny stocks were still the market's flavor: TMS-4.4%, GOCEAN-7.7%, IFCAMSC+7.4%. Market breadth was negative with losers overwhelming gainers 541:302. Futures closed 1557 (4 points discount).
2) Heavyweights: IOICORP-1.8% RM5.34, PPB-2.8% RM17.14, CIMB-0.7% RM7.24, GENM-1.8% RM3.87, KLK-1.5% RM23.64, AXIATA-0.6% RM5.01, AIRA-1.4% RM3.65, YTL-1.4% RM1.45, GENTING+0.9% RM10.84, TM+2% RM5.03.
3) DBT: TRINITY 20.3m @ RM0.07, XDL 16mil @ RM0.38, JCY 12mil @ RM1.20.
4) Situationals:
SENDAI+1.8% RM1.67: Share price rose as high as RM1.70 (+3.7%, the biggest intraday gains since Feb 13) after the company won contracts valued at RM 185 million in Malaysia and the Middle East, it said in a filing to the exchange.
5) WCT
Accepted a contract awarded by Riverson Corporation Sdn Bhd for the Construction and Completion of the Proposed Mixed Commercial Development with Purpose Built Medical Centre and related Facilities at Coastal Highway, Kota Kinabalu, Sabah, Malaysia. The Contract sum is RM331m.
The scope of works under the Contract comprises the construction and completion of a 9-storey hospital with 200 beds (Block A), a 10- storey Complex with SOHO, Office Suites and 3 levels of retail space (Block B), and 1 level of basement car park with a completion date of August 2014.
+ve The company's efforts to realign their attention from the Middle East to the domestic market continues to gain traction with current order book now up to RM2.7bn. BOW
6) Market - Consolidation with rotational play to continue, stocks at attractive levels incl TimeComm, Perisai, KEuro, Gamuda
