FBMKLCI
1764.95 +17.92pts (+1.03%)
Volume 1.811b Value 2.402b
1) The KLCI rallied for a 4th consecutive days led by the
US market that closed higher overnight after Chinese exports beat projections
on signs global economies are showing steady growth. Regional bourse were also
optimistic after China retail sales, factory output and manufacturing all beat analyst
expectation for the month of August. SHCOMP rose+1.15% to close at a 3 months high. In the local
market, volume picked up from the onset touching a high of 1774.14 (+27.11pts)
as higher participation of foreign funds was evidenced with high trading volume
seen in SKPETRO +2.77%, UEMS+6.32% , YTL +1.97%. Market breadth was positive
with gainers leading losers by 592 : 182. Futures closed 1767pts (4 pts
premium).
2) Heavyweights : CIMB +1.75% RM7.53, PBBANK +1.02%
RM17.76, GENTING +2.04% RM10.00, SKPETRO +2.77% RM3.70, PETGAS +1.81% RM28.10,
PPB +1.02% RM17.76, UEMS +6.32% RM 2.52, SIME +0.74% RM9.48
3) DBT : HUBLINE 7.3mil @ RM0.05, CSL 6.2mil @ RM0.23
(6.9% premium), OLDTOWN 3mil @ RM2.53.
4) Situational:-
TGOFF +18.26% @
RM0.68 - Share price saw heavy trading after announcing It has fixed the issue
price for the placement of up to 29.816m shares at 57 sen/share. Tanjung
Offshore will raise up to RM17m via private placement.
OGAWA +17.44% RM1.01 - Healthcare and wellness company
Ogawa World Bhd announced a RM1.05 per ordinary share takeover offer by Xiamen
Comfort Science & Technology Group Co Ltd for a total value in excess of
RM130 million.
5) GPACKET : Co announced that in reference to a news
article published in a local business daily that said that it was close to
sealing a deal to hive off its 55% owned 4G unit, Packet One Networks (M) Sdn
Bhd (P1), it wishes to announce that as at to-date, it has not received any
offer to purchase its shareholdings in P1. Nonetheless, as part of the efforts
to maximize shareholder returns, the Company will continuously pursue
possibilities of collaborations and partnerships to complement the Company's business
strategy - Neutral on clarification.
6) Market : Recent RM strengthening back down to RM3.27 v
USD from recent peak at RM3.33 supports the inflow of funds once again in our
mkt. This is in line with continuous strong 2 day technical bounce as mkts are
oversold as well as military strike against Syria has somewhat fizzled out.
However, we still maintain stance of continuing to take profit as mkts remain
jittery with uncertainties looming in upcoming FOMC on 17th-18th and
domestically Budget 2014 and UMNO General Assembly in Oct. Trim on strength:
MISC, Genting, GenM, BAT