FBM30 1645.36
+2.84points (+0.17%) Volume
1,229mil Value 1,545mil
1) KLCI was languishing in negative territory before
auction time saw mark ups of IOICORP, PPB and HLFG to ensure index closed on a
positive note. Regionals were weaker after China's trade grew less than
economists expected with exports growing only 1% adding to signs of a deeper
slowdown in China. Syed Mokhtar related stocks generated buying interest with
GASMSIA+2%, TWSCORP+5%, MMC+6.5%. Market breadth turned positive with gainers
edging losers 357:348. Futures closed 1641.5pts (4 points discount).
2) Heavyweights: IOICORP+2.33% RM5.27, DIGI+0.86% RM4.71,
PETGAS+0.94% RM19.32, HLFG+1.94% RM12.58, MAYBANK-0.34% RM8.92, TM-1.02%
RM5.81, GENTING-0.55% RM8.97
3) DBT: SILVER 14.5mil @ RM0.10, SUNREIT 7mil @ RM1.47
4) Situationals:
TDM-8.16% RM3.94: TDM net profit for the 2QFY12 slumped
70.7% to RM9.4 million from RM32.13 million, mainly due to lower production of
crude palm oil (CPO) and palm kernel (PK) and higher production costs as
compared to the previous corresponding quarter.
E&O+28% RM1.90: Share price surged after an online
portal reported Securities Commission (SC) will now order Sime Darby Bhd to
make a general offer for E&O shares after buying a 30-per cent stake last
year, say government sources. The review was made under new SC chairman Datuk Ranjit
Ajit Singh. Another source was said to have confirmed the review and said the
decision will be made public soon.
5) DAYA
Announced that it had entered into a MOU with UDPS. The
purpose of the MOU is to jointly develop and market mobile water injection
technologies and solutions to the upstream oil and gas sector. UPDS is a process engineering and equipment
packaging company providing sea water injection packages, related engineering
services and water injection system management services.
6) CMSB
After the initial MOU was signed in Feb 2008 and numerous
extensions, the company and other its JV party GIIG Holdings S/B abd Pan
Kingdom Investmont Co parties have mutually agreed to put the development of a
steel cluster and iron ore hub project in the Samalaju Industrial Park on hold
and pursue it if the gas is available and will make an appropriate announcement
at that stage.
7) Market - Side ways trading on the index to continue
until the release of 2Q numbers for the big caps at the end of the month.