FBMKLCI
1781.15pts +12.44pts (+0.70%)
Volume 1.208b Value RM1.897b
1) The KLCI gapped up today behind optimism fuelled by
Fed's Ben Bernanke comment after he said that they would continue accommodative
monetary policy as long as the economy requires it. In the regional market,
SHCOMP +3.23% rose the most in 3 months on speculation that the government will
take measures to support the economy after an unexpected drop in export
numbers; HSI closed +2.55%. In the local scene, bluechip stocks outperformed
lead by TENAGA +2.94%, AXIATA +2.10%, CIMB +0.61% and SIME +0.42%. Market
breadth was positive with gainers surpassing losers by 460 : 313. Futures
closed 1788pts (7 pts premium)
2) Heavyweights : TENAGA + 2.94% RM8.74, AXIATA +2.10%
RM6.80, CIMB +0.61% RM8.28, SKPETRO +1.24% RM4.08, PBBANK +0.35% RM17.02, BAT
+1.84% RM59.90, AMBANK +1.06 RM7.63, SIME +0.42% RM9.48
3) DBT : CHINWEL 131.782mil @ RM1.06 (48.354% PUC at
11.7% discount), BJCORP 51.215mil @ RM0.59 (2.02% PUC), WILLOW 15.27mil @
RM0.50 (6.16% PUC @ 8.3% discount), MAYBANK 12.2mil @ RM10.42
4) Situational:-
TENAGA +2.709% RM8.72:
TNB's wholly owned Remaco and its JV partner Kharafi National have
signed the contract to operate and maintain Shuaiba North Co-generation plant
in Kuwait. The contract is estimated to worth 88.9m Kuwaiti Dinars (RM1bn) over
a 7-year period. Commissioned since 2010, the plant has a power generation
capacity of 780MW and distilled water capacity of 45m gallons per day.
BENALEC +2.96% RM 1.38 - Benalec announced that its
wholly-owned subsidiary Heritage Land Sdn Bhd has entered into a sale and
purchase agreement with Highbond Capital Sdn Bhd and Gigayear Revenue Sdn Bhd
for the disposal of 8 pieces of leasehold land in Klebang, Melaka for a total
consideration of RM54.3m.
5) AHMAD ZAKI
Ahmad Zaki received the Letter of Award from Universiti
Teknologi Malaysia for a project known as "Design and Build for the
Construction of Students Accommodation Complex at UTM Kuala Lumpur Jalan
Semarak, Kuala Lumpur" . The Award for the Works amounts to a total value of
RM171.5m with a completion date of 21 July 2016.
+ve the contract will add to its already substantial
order book of RM1.9bn
6) Market - Maintain current range bound trading with
upside bias after US Fed's indication of maintaining highly accommodative
monetary policy for the foreseeable future.
