FBM30 1631.12
-8.31points (-0.51%) Volume
1,414mil Value 2,033mil
1) KLCI gapped down to close at day's low after key
heavyweights led by BAT, TENAGA and PCHEM was hit down at auction. Index bucked
the generally positive regionals which rose after German supported for the
European Central Bank's bond-buying plan. IHH+1.88% was firmer ahead of its
inclusion into the MSCI. Value traded breached RM2bn with market breadth in the
negative after decliners led gainers 444:317. Futures closed 1640pts (9 points
premium).
2) Heavyweights: BAT-4.32% RM59.38, TENAGA-1.15% RM6.90,
PCHEM-1.51% RM6.51, DIGI-1.07% RM4.63, CIMB-0.64% RM7.83, PPB-2.39% RM13.88,
GENTING-0.78% RM8.89, IHH+1.88% RM3.25
3) DBT: JCY 10.4mil @ RM1.45, SCOPE 6mil @ RM0.305 (31.5%
discount), CSL 3.1mil @ RM1.02
4) Situationals:
GPRO-58% RM0.125: share price fell sharply and among the
top volume list today after company replied to a UMA query by Bursa stating
they are unaware of the cause of the sharp rise in the price and there are no
corporate development that has not been announced.
5) GAS MALAYSIA
1H JUNE 2012 Tover
+8.3% RM1030m Net -45% RM75.37m 5.87sen
in line
with cons(f) RM148.5m
The higher revenue is a result of of a 2% growth in
volume of gas sold and the higher prices after a revision in Natural Gas tariff
effective 1st June 2011. The revision in
tariff also resulted in a margin compression, affecting net profits. The new gas pricing mechanism is expected to be signed by
September to coincide with the start of LNG imports. Gas Msia expects to at
least maintain its spread or improve. Defensive hold in a monopolistic position and attractive
yield of 4.4%.
6) Market - Steadier as Eurozone yields continue to trend
lower. Stocks sold down back to attractive levels include Genting, Genting
Msia, MMC, Sunway, Armada, MISC.
