1) KLCI surged to an all time high of 1,700.55
(+15.15pts) at the open with gains led by SIME, CIMB and MAYBANK. However index
pared its gains and traded in a 6 points range for the remaining day with
buying interest rotating to situational and govt link counters led by
UEMLAND+3.3%, CYPARK+6%, Benalec+4% and DAIMAN+16%. Regional market were lower
after weak data stoked concerns of slowing US growth. Market breadth turned
positive with gainers thumping decliners 534:226. Futures closed 1682pts
(6.5pts premium).
2) Heavyweights: IOICORP+3.63% RM4.86, IHH+1.89% RM3.77,
MAYBANK+0.32% RM9.45, PETGAS+0.85% RM18.96, UEMLAND+3.3% RM2.82, GENTING-1.38%
RM10.06, AXIATA-0.45% RM6.62, AMBANK-1.05% RM6.57
3) DBT: OCK 3mil @ RM0.47 (1.2% PUC), Y&G 2mil @
RM1.00 (66% premium)
4) Situationals:
ECS+5.46% RM1.16: ECS Pericomp, a subsidiary of ECS ICT,
entered into a partnership agreement with IBM to deliver the latter's
SmartCloud cloud computing solutions for enterprises. IBM Malaysia MD Paul
Moung said the SmartCloud Solution is optimised for mission-critical enterprise
workloads with the scalable flexibility of a public cloud. IBM's research shows
that cloud yields from 25 to 30 per cent or more in savings for organisations,
thus shifting investment from maintaining infrastructure to pursuing new
projects while reducing cost.
5) BINA PURI
Accepted the
letter of award from Syarikat Prasarana Negara Berhad for the joint venture development in respect
of the project known as "Proposed Development of Abandoned Site
Brickfields comprising mixed development namely SOVO, service suites,
commercial at podium, skybridge and restaurant and car parks on an estimated
gross development value of RM1.29bn. The period for the completion of the mixed
development is within 67 months. With this latest addition, the Group's total
GDV is expected to be RM2.48 billion.The contract is not expected to contribute positively to the earnings of Bina Puri Group for the financial year ending 31 December 2013.
6) Market - Volatility in the market to persist with
rotational plays on high beta names to continue especially companies with
exposure to the Iskandar Region in Johor.