FBMKLCI 1792.91
+21.51pts (+1.21%) Volume
1.946b Value 2.763b
1) The KLCI rose 21pts today after the Fed Reserve's said
that they would not taper QE stimulus just yet as the current growth is not
sustainable, any further matters will be discussed during the next FOMC meeting
which is slated for 31st October. This surprise catapulted the NIKKEI 1.80% to
an 8 week high; the HSI +1.67% rose to a 7 month high ; the HSCEI index gained
2.1% while SHCOMP and KOSPI remain closed for the mid-autumn festival holiday.
In the local market, most of the stocks gapped up with UEMS +5.85%, CIMB
+2.89%, SKPETRO +3.27% leading in trading volume among the bluechips. Market
breadth was positive with gainers stomping losers by 701 : 162. Futures closed
1795.5pts (3 pts premium).
2) Heavyweights : CIMB +2.89% RM7.82, GENTING +3.37%
RM10.10, SKPETRO +3.27% RM3.79, PETGAS +1.03% RM6.86, DIGI +1.63% RM4.98,
TENAGA +0.99% RM9.10, UMW +3.06% RM12.78, UEMS +5.85% RM2.71
3) DBT : TMS 30mil @ RM0.10 (3.44% PUC), SCOPE 5.6mil @
RM0.09 (1.119% PUC @ 64% discount), ASAS 3.369mil @ RM1.70 (1.758% PUC)
4) Situational:-
TNLOGIS +4.46% RM4.68 - Tiong Nam Logistics Holdings Bhd
has proposed to split its shares and issue fresh warrants at 20 sen each to
raise RM42m for working capital and to pay its business expansion. The proceeds
will be used for the future purchase of land as well as construction of
warehouse to support the growth of the group's existing business. The company
will allocate RM20m from the proceeds of the warrant exercise for the purpose
of business expansion, while the rest will be set aside for working capital.
5) IRIS
Entered into a Memorandum of Understanding with the
Federal Land Development Authority in relation to the implementation of the
Sentuhan Kasih Project in several States in Peninsular Malaysia. IRIS
Integrated Farming methodology which combines the utility of IRIS Autopot
Systems with aquaponics, orcharding, animal husbandry, fisheries and providing
environment friendly affordable housing facilities using the IRIS-KOTO
Industrialized Building Systems created a prototype for an advanced
agro-economy community hereinafter called the Sentuhan Kasih Project.
Initially it will be implemented in 7 sites incl Pahang,
Johor, Trengganu, Kedah, Negri 9, Kelantan The estimated cost of implementation
of the collaboration is subject to the terms and conditions upon signing of
formal contracts between ICB and FELDA for each individual Sentuhan Kasih
Project awarded by FELDA to ICB .
Recall that just last month Felda agreed to acquire 25%
in IRIS for 28sen/share. This is one of the first initiatives that is
benefiting IRIS from this new shareholding structure. +ve
6) Market - The unexpected non event from the FOMC
meeting has put risk assets back on the limelight with investors now jumping
back into trading positions. Names that have yet to participate from today's
sentiment reversal include, Benelac, AAX, KEuro, OSK, TimeCom, Faber
