FBM30 1639.43
+4.39points (+0.27%) Volume
1,077.5mil Value 1,536mil
1) KLCI rose for the 4th consecutive days in line with
the regionals after better than expected US employment numbers while possible
ECB intervention eased worries on Eurozone debt crisis. China central bank
pledged over the weekend to intensify monetary policy fine-tuning also
encourage risk taking by investors. Telcos (AXIATA+1.7%, DIGI+1.5%)
outperformed and led the key heavyweights higher. Market breadth turned
positive after gainers outpace losers 402:328. Futures closed 1640.5pts (1 point premium).
2) Heavyweights:AXIATA+1.69% RM6.00, DIGI+1.52% RM4.68,
BAT+4.01% RM62.72, YTL+3.41% RM1.82, TM+1.39% RM5.83, GENTING-1% RM8.96,
IOICORP-0.97% RM5.13, CIMB-0.5% RM7.88
3) DBT: GLOTEC 58.2mil @ RM0.08 (1.1% PUC), MAYBANK
9.4mil @ RM8.85, GAMUDA 2.7mil @ RM3.45
4) Situationals:
MUHIBAH+3.21% RM0.965: Share price surged after news
reported MUHIBAH is looking at privatisation projects in the healthcare and
education sectors to reduce its dependency on construction jobs according to
its business development director, Mac Chung Jin. Mac says in the education
sector Muhibbah is looking to set up private and international schools,
colleges and universities and expects more than 50 per cent of its earnings to
come from recurring income contracts by way of its ventures in healthcare and
education within the next three to five years.
5) UZMA
Received a Letter of Award from Talisman Malaysia Limited
for the supply of chemical and related services The contract period will be for
five years effective from 6 July 2012 to 5 July 2017 with four extension options of one year
each. The value of the Contract is
estimated at RM62 millions for the first five year primary terms. The company is a O&G service provider specializing in
enhance oil recovery techniques. It recently underwent a 1:2 Bonus issue to
help in the liquidity of the counter. Trading at PE of 8.5x, we continue to
rate it an accumulate.
6) Market - Events in Europe and US will continue to
dictate market direction with no local factors in play in the immediate
horizon.
