FBM30 1629.45
+5.16 points (+0.32%) Volume
1,341mil Value 2,490mil
1) KLCI continued to track higher as index erased early
morning losses led by AXIATA+3.4% as index reached a high of 1632.15
(+7.86pts). Regionals ended mixed but was mainly in the negative
territory as investors are cautious following disappointing earning guidance in
the US. Plantation+0.91% continued to outperform led by KULIM+5.5%, BSTEAD+3% and TDM+5.3%. Market breadth was positive with
advancers edging decliners 405:364. Futures closed 1636pts (6.5
points premium).
2) Heavyweights: AXIATA+3.41% RM5.76, CIMB+0.64% RM7.86,
PBBANK+0.43% RM14.06, TM+1.06% RM5.74, UMW+1.66% RM9.79, YTL-2.02% RM1.94,
TENAGA-0.75% RM6.64, AIRASIA-2.11% RM3.72
3) DBT: STARREIT 20mil @ RM1.08 (1.5% PUC), SCOPE 12mil @
RM0.20 (4% PUC, 42% discount), MMC 5mil @ RM2.50 (3.8% discount)
4) Situationals:
ADVENTA+16.77% RM1.88: Share price surged after the
company's major shareholder and a private equity proposed to pay RM2.10
per share to acquire Adventa glove business's asset and liabilities.
Shareholders would receive at least RM1.70 in cash.
5) GADANG
Announce that it received and accepted the letter of
acceptance from Mass Rapid Transit Corporation Sdn Bhd for the Projek Mass
Rapid Transit Lembah Kelang: Jajaran Sungai Buloh-Kajang - Package V2 at a contract sum of RM863.4m. The Project involves the construction and completion of
viaduct guideway and other associated works from Kota Damansara Station to
Dataran Sunway Station. This contract will increase the company's order books to
around RM1.6bn. Largely expected announcement but there is still little
sign of the construction sector revival as investors remain cautious over
election implications.
6) Market - The plantation index continued to outperform
today gaining a further 0.9% and is likely to trend higher bringing the KLCI
along with it. Resistance seen at the 1650 levels.