FBM30 1664.90
+2.95points (+0.18%) Volume
1,011mil Value 1,358mil
1) KLCI recovered from its morning weakness (Low: 1658.03
-3.92pts) with index trending higher after midday on support of key
heavyweights led by Telcos after DIGI announced its 3QFY2012 results at midday.
Overall market sentiment remained cautious inline with regionals which ended
mixed on weaker corporate earnings. Market breadth stayed negative with decliners leading
advancers 372:299. Futures closed 1669.5pts (4.6 points premium).
2) Heavyweights: DIGI+0.74% RM5.48, TM+1.17% RM6.06,
PPB+2.28% RM13.44, BAT+1.79% RM65.00, IOICORP+0.6% RM5.06, PBBANK+0.27%
RM14.98, PCHEM-0.92% RM6.45, AMBANK-0.63% RM6.35
3) DBT: SUNWAY 12.4mil @ RM2.30 (1% PUC, 8.7% discount),
SHL 4.5mil @ RM1.27 (1.1% PUC, 12% premium), LEESK 4.2mil @ RM0.11
(15.4% discount)
4) Situationals:
KLCCP+0.5% RM6.10: Share price rose after news reported
that company may list its assets worth over RM12bn in a REIT in 6-9months
time frame. This includes Petronas Twin Towers office and Suria KLCC
Shopping Mall. A High level source says that there are still "some
tax-related issues" that needs to be sorted out first.
5) PHARMANIAGA
Pharmaniaga Marketing Sdn Bhd entered into a Memorandum
of Understanding with Pusat Pakar Dialysis Traktif Sdn Bhd ("PPDT"),
for the initial intention and understanding to explore the opportunity in
dialysis business and to enter into a strategic partnership in the business of
haemodialysis. Objectives of the MOU The
Parties are interested in exploring the possibility of engaging in a mutual
beneficial business relationship in which the Parties would create strategic
partnership in the business of hemodialysis and such other business
arrangements as may be mutually agreed upon in writing by the Parties from time
to time.
The MOU shall be valid for a period of one (1) year
commencing from the Effective Date. +ve as Pharma continues to seek other forms of revenue
streams in healthcare and become less reliant on the Govt concession
to produce generic drugs which expires in seven years.
6) Market - Rotational play to continue as evident by the
number of mid caps dominating the volume board. Astro which has suffered its
third day of sell off since its initial listing last Friday could possibly see
bargain hunting below the RM2.70 levels as this marks the low end of the bidding
range pre IPO.