FBM 1637.59
-3.49pts (-0.21% ) Volume
780mil Value RM1,027mil
1) KLCI started the week in the red, as index drifted
lower tracking the weaker regionals on concerns over US fiscal woes as well as
Greece's bailout situation. Japan also reported its 3Q economy shrank 0.9%
indicating Japan could be falling into a mild recession. Plantation-0.62% was the biggest loser after CPO futures
fell to a new year low of RM2220/MT. Market breath was negative with decliners
outnumbering advancers 390:225. Future closed 1631.5 (6 pts discount).
2) Heavyweights: CIMB-0.65% RM7.67, IOICORP-0.6% RM5.00,
PBBANK-0.26% RM15.48, KLK-1.24% RM20.72, GENM-1.14% RM3.46, BAT-1.33% RM58.00, GENTING+0.96% RM9.49, AMBANK+0.79% RM6.40
3) DBT: BJLAND 92.42mil @ RM0.85, FITTERS 9mil @ RM0.66
(1.5% premium), SKPRES 5mil @ RM0.385 (2.6% premium)
4) Situational:
REDTONE+1.24% RM0.41: REDTONE has secured a RM82.5mil
contract to build and operate radio access network infrastructure (RAN) in
Sabah where Redtone will continue providing maintenance and operation support 3
years after completing the work. The contract is part of MCMC's Time 3
Programme to provide voice and data connectivity in the rural areas.the RAN
infrastructure in the rural areas in Sabah, Tongod, Lahad Datu, Beluran,
Kinabatangan, Beaufort, Kuala Penyu, Papar, Sipitang and Tenom.
5)IREKA
Accepted the Letter of Acceptance from Persys Sdn Bhd for
the appointment as the Sub-Contractor for the construction and completion of
main structural and other associated works under Package V7: construction and completion of Viaduct Guideway and other
associated works from Bandar Tun Hussein Onn to Taman Mesra at a contract sum
of RM65m over 47 months. Neutral as it represents a small sum stretched over a
long duration of 4 years.
6) Market - Today's trading pattern of low volume and
tight range is likely to persist for the week as we break for Deepavali
tomorrow and Awal Muharram on Thursday.
