FBMKLCI
1747.03 +23.23pts (+1.35%)
Volume 1.279b Value 1.603b
1) The KLCI rallied inline with the region market after
China's trade and inflation data lifted sentiments in the Asian countries with
SHCOMP +3.39% and HSI gained 0.57%. NIKKEI +2.48% advanced on earlier trade
after the yen dropped and GDP was also revised upwards after the country showed
growing signs of a recovery. In the local scene, bluechip stocks were heavily
traded with names like UEMS +1.71%, SIME +0.10% and CIMB +2.91% leading in
volume. Market breadth was positive with gainers thumping losers by 571 : 171.
Futures closed at 1751pts (4points premium).
2) Heavyweights : CIMB +2.91% RM7.40, GENTING +4.36%
RM9.80, PBBANK +1.03% RM17.58, GENM +4.11% RM4.30, PCHEM +2.00% RM6.63, MISC
+4.86% RM4.96, SKPETRO +2.56% RM3.60
3) DBT : SCICOM 62.994mil @ RM0.49 (21.266% PUC), BJLAND
16.664mil @ RM0.89, SERSOL 10mil @ RM0.58 (5.189% PUC @ 20% discount),
4) Situational:-
IVORY +1.68% RM0.605 - Ivory is reviving the development
of the Plaza Rakyat commercial project in Jalan Pudu, Kuala Lumpur, abandoned
in the aftermath of the 1997/98 Asian financial crisis, with a revised RM8bn
GDV. It said the entire development is poised to be one of the massive projects
in the heart of the city centre. Grp CEO Datuk Low Eng Hock said the original
plan for Plaza Rakyat would be redesigned to accommodate for an integrated
transportation and business hub with serviced apartments to cater to
expatriates, as well as affordable housing components for the young working
class in the city.
5) Mudajaya
Announced that RKM Powergen Pvt Ltd, a 26% owned
associate, has on 3rd September 2013 signed a Coal Supply Agreement with South
Eastern Coalfields Ltd for the supply of coal for Phase I of the 4x360MW
Coal-fired Thermal Power Plant at Ucchpinda, Chhattisgarh, India which consists
of 1x360MW installed capacity of the power station.
The Agreement shall remain in force until the end of 20
years period (which can be extended upon mutual agreement by both parties) or
of the life of the power plant, whichever is earlier, with the following
salient terms.
+ve as this should lift a long delay on the coal supply
issue. The company is also still tendering for RM5bn new projects (60% related
to power plant civil works). BUY
6) Market - The regional rally today on the back of
stronger China export numbers is expected to be short live ahead US vote on a
possible Syrian air strike and the FOMC next week which will continue to
pressure emerging market bond yields. We maintain that the KLCI should continue
to be range bound with selling pressure seem above the 1750pts levels. Trim on
stocks that have enjoyed a recent run up incl MISC, Genting, GentM, MMC,
Supermx,