FBMKLCI
1700.53 +2.76pts
(+0.16%) Volume 762.9mil
Value RM1,463mil
1) KLCI closed at day's high after recovering from
intraday low of 1688.80 (-8.97pts) on earlier concerns from explosions in
Boston while slower economic growth in China could curb global economic
recovery. Index managed to hold above key support level 1700pts with buying
interest seen in GENM+3%, GENTING+1.6% and PETDAG+2.3%. Lower liners were
weaker with market breadth staying negative with decliners leading advancers
366:274. Futures closed 1700.5pts (parity).
2) Heavyweights: GENTING+1.58% RM10.28, GENM+3.05%
RM3.72, CIMB+0.78% RM7.74, IOICORP+1.2% RM5.03, PETDAG+2.26% RM23.50,
PETGAS+0.9% RM19.04, BAT-3.1% RM62.50, AXIATA-0.74% RM6.68
3) DBT: PMCORP 14mil @ RM0.13 (1.8% PUC, 18% premium),
CAP 6.6mil @ RM2.475, SILKHLD 3.095mil @ RM0.37
4) Situationals:
HDBS+3.3% RM4.38: Hwang-DBS has obtained permission from
Bank Negara to commence preliminary negotiations with Affin Holdings Bhd and
AMMB Holdings Bhd for the potential sale of its entire 100% shareholding in
HwangDBS Investment Bank Bhd. AMMB and Affin are reportedly the two remaining
banking groups with the highest bids for HwangDBS, after K&N Kenanga
Holdings Bhd and Alliance Financial Group Bhd fell out of the race.
PUNCAK Unch RM1.78: Puncak Niaga announced that its
indirect wholly owned unit, GOM Resources Sdn Bhd, has bagged a service
contract worth RM187.3 million from American oil company HESS. The contract
includes the provision of the integrated transportation and installation of
offshore facilities for early production scheme, integrated gas development
project and North Malay basin field. The
contract period will be 17.5 months and it has the option to extend for another
two years by giving a written notice to GOM.
5) WCT
WCT Berhad announced that it has accepted a Letter of
Award from 1MDB Real Estate Sdn Bhd for
Zone 3 on the Proposed Works for Phase 1 of the "Kuala Lumpur
International Financial District"
mix development. The scope of works for the Contract generally comprise Site Clearance, Earthworks
& Rock Excavation, Secant Pile Wall, Grouting Works, Bored Pile &
Basement Raft and other miscellaneous and associated works. The awarded
Contract sum is RM169.3m over 26 months.
+ve after recent set back of losing RM800m OMAN project.
Still targeting up to RM2bn order book replenishment this year. BOW
6) Market - Tight range bound on KLCI maintained as
Malaysia often sought out as a safe haven in times of uncertainty in global
arena.
