FBM 1665.64
+6.20pts (+0.37%)
Volume 737.16mil Value RM1,446mil
1) KLCI continued to rise inline with the global equities
which jumped on optimism US policy makers will reach a budget deal and
expectation more monetary stimulus will come from Japan. Index reached a high
of 1667.70 (+8.26pts) led by gains in key heavyweights SIME and DIGI. Volume
traded remained thin as investors attention centred on heavyweights. Market
breadth was positive with advancers leading decliners 343:305. Future closed
1668.5 (3points premium).
2) Heavyweights: SIME+2.2% RM9.39, DIGI+2.7% RM5.28,
PETGAS+3.13% RM19.08, GENM+2.84% RM3.62, TM+1.72% RM5.91, MAXIS+1.07% RM6.59,
AXIATA-2.37% RM6.60, MAYBANK-0.66% RM8.99
3) DBT: E&O 54.19mil @ RM1.59 (4.77% PUC), ANCOM
10.49mil @ RM0.39, KEURO 5mil @ RM1.00
4) Situational:
MYEG+2.58% RM0.795: MYEG intends to spend up to RM60mil
for current financial year to roll out the online tax monitoring system (OTMS)
and expansion of its online foreign worker permit renewal services. Pilot
testing for OTMS has already been completed and is expected to be launched by
1Q2013. The 2 new services is expected to increase revenue by 10%.
5) UMW
UMW, has today entered into a Sale and Purchase Agreement
with Kudrat Maritime (Malaysia) Sdn Bhd ("KMM") for the disposal of
100,000 ordinary shares of par value RM1.00 each, representing 100% of the
issued and paid-up capital of U-Insurance Sdn Bhd, to KMM, for a total
consideration of RM1.8m. U-Insurance is an authorised insurance agent for
conventional and takaful insurance products, a registered general insurance
agency with Persatuan Insurans Am Malaysia under the General Insurance Agents
Registration Regulations representing Etiqa Insurance Berhad , and MSIG
Insurance (Malaysia) Berhad . +ve Minimal effect as the group concentrates on its core
business of auto and up and coming O&G sector.
6) Market - Uptrend to continue on year end book closing
activity and +ve news from the US regarding the Fiscal Cliff.