FBMKLCI 1622.08
+8.03pts (+0.50%)
Volume 831.6mil Value RM1,497mil
1) KLCI rose in tandem with the regional markets as
positive corporate earnings led by Maybank and Axiata saw market closed at
day's high recovering from recent selldown on concern of the impending GE13.
Contruction names continued to outperform the market led by GAMUDA+1.6% ,
MRCB+3.2%, IJM+0.8%. Broader market were thinly trade with market breadth
turning positive as gainers led decliners 388:259. Future closed 1617 (5points
discount)
2) Heavyweights: MAYBANK+1.57% RM9.07, IOICORP+2.65%
RM5.03, AXIATA+0.63% RM6.37, GENTING+0.94% RM9.67, GENM+1.96% RM3.63,
PETDAG+2.46% RM23.36, PCHEM-1.27% RM6.21, DIGI-0.66% RM4.55
3) DBT: DIALOG 47.5mil @ RM2.30 (1.96% PUC), KASSET
16.129mil @ RM0.045 (3.1% PUC, 25% discount)
4) Situational:
DRBHCOM unch RM2.49: DRB-HICOM Bhd is partnering with
Saudi International Trading and Marketing Ltd (SITM) to bid for airport ground
handling services in Saudi Arabia.
Company has signed a memorandum of understanding with SITM through its
wholly-owned subsidiary, KL Airport Services Sdn Bhd (KLAS). The company said
once they receive an invitation from Saudi Arabia's General Authority of Civil
Aviation (GACA), both parties will conduct the feasibility study and submit the
bid.
5) HL Bank
Their CEO today mentioned that its 20% China affiliated,
Bank of Chengdu Co Ltd could be listed by the end of the year on the Shanghai
Stock Exchange depending on market conditions. Application for its listing was
apparently submitted in May last year to issue 800m new shares to help prop up
its capital adequacy ratio. +ve
6) Market - The much mentioned date of 22nd Feb for
announcement of elections has now passed without incident and thus will see the
market continue to drift along with this uncertainty overhang.