FBMKLCI
1671.63 -2.41pts (-0.14%) Volume
610.1mil Value RM1,170mil
1) KLCI snapped its 4 days winning streak as investors
locked in profits from recent rally with trading volume lower due to Easter
holidays for most regional markets. Index opened at day’s high of 1681.03
(+6.99pts) before paring its gains by midday. Construction-1.03% underperformed
with losses seen in GAMUDA-2.2%, IJM-1.1% and WCT-1.2%. Market breadth was
mixed, with gainers matching losers 346:346. Futures closed 1673 pts (1.4pts
premium).
2) Heavyweights: MAYBANK-0.53% RM9.35, GENM-1.36% RM3.62,
ASTRO-2.08% RM2.82, PCHEM-0.62% RM6.41, RHBCAP-2.09% RM8.45, PETDAG-1.45%
RM23.10, IHH+1.63% RM3.74, KLK+0.87% RM20.92
3) DBT: FRONTKN 27.63mil @ RM0.4760, COMPUGT 11.124mil @
RM0.08, DEGEM 3mil @ RM0.76 (2.32% PUC).
4) Situationals:
KIMLUN+1.38% RM1.47: Company announced purchase of 2
pieces of land for RM31.6mil. The total land area is 5.31acres which is
situated in Medini North of Medini Iskandar. Kimlun plans to develop service
apartments, offices and retails and is expected to commence within 24months.
Project is expected to last for 6 years.
5) MPHB - has today entered into a conditional share sale
agreement with MPHB Capital Berhad (MPHB Capital), its wholly-owned subsidiary,
for the proposed disposal by MPHB of its entire equity interest in
Multi-Purpose Capital Holdings Berhad to MPHB Capital for a total consideration
of RM392,831,000 to be satisfied by a combination of cash payment of RM37,538,000
and the issuance of 355,293,000 new ordinary shares of RM1.00 each in MPHB
Capital at the issue price of RM1.00 each. Proposed Internal Reorganisation is
deemed to be completed today. +ve another step towards the demerger of MPHB
Capital and its listing.
6)Market: expect to see further consolidation following
recent rally with key PMI and payroll numbers to dictate market trading
direction.