FBMKLCI
1771.34pts +2.13pts (+0.12%)
Volume 1.176b Value RM1.579b
1) The KLCI saw tepid trading as it traded within a 6 pts
band in the positive region after the US market were higher on positive jobs
number while concerns over political issue in Portugal eased and turmoil in the
Egypt calmed after the current Egyptian president was ousted. In the local
market, lower liners saw buying interest with SMALL CAP index +1.92% due to
active trading with gains from SCOMIES +13.04%, PUNCAK +9.63%, MYEG +8.86%.
Market breadth was positive with gainers thumping losers 487 : 221. Futures
closed 1775.5 (4pts premium).
2) Heavyweights : GENM +1.81% RM3.94, CIMB +0.49% RM
8.29, MAYBANK +0.38% RM10.50, PBBANK +0.23% RM17.02, KLK +0.84% RM21.64, UEMS
+1.37% RM2.99, PETGAS -0.948% RM20.90, PETDAG -1.45% RM25.80.
3) DBT : ASDION 17.022mil @ RM0.30 ( 25.627% PUC @ 22%
discount), DUTALND 15.4mil @ RM0.48 (1.82% PUC @ 8.6% discount), TROP 3.063mil
@ 1.81 (6% discount)
4) Situational:-
GOLDIS -0.5% RM1.99 - Goldis has backed off from a deal
which would have seen its shareholders pocketing RM1.72 a share or ending up as
privately-held Steady Paramount Sdn Bhd's stakeholders. The board had arrived
at this decision after taking into consideration the negative feedback from
Goldis' shareholders on the proposed distribution. Goldis has a 30.59% stake in
IGB, which is its jewel in the crown, and shareholders were asked to part with
the controlling stake in one of Malaysia's biggest developer at below its
market value.
5)AXIATA : Celcom Axiata Berhad , a
wholly-owned-subsidiary of Axiata Group had on 4 July 2013 entered into a
Master Collaboration Agreement with Altel Communications Sdn Bhd
("Altel") for the purpose of collaborating to develop, establish,
build, operate and manage shared infrastructure for the provision by both
Celcom and Altel of communication services in Malaysia. The Master Agreement
defined the scope and principles for the implementation of the Proposed
Collaboration in the following areas:- a)Spectrum Sharing & b) encapsulates
the general terms and conditions with regards to the arrangement for Altel to
appoint Celcom as the exclusive infrastructure and wholesale provider of the
Mobile Virtual Network Operator ("MVNO") Services ;
Neutral. The rationale is to establish a smart alliance
that will benefit both Celcom and Altel in achieving their short and long term
business goals & is also in line with the Government's call for
telecommunication companies/mobile operators to join forces to accelerate
broadband penetration in the country. Agreement does not have any material effect
on the earnings, gearings and net assets of the Axiata Group for the year
financial ending 31 December 2013.
6) Market: With
the US markets closed for Independence Day, the technical bounce is expected to
follow through tomorrow. This is especially true for lower liners with the gains likely to be captured in the
1st half of the trading day - take profit into strength.