FBMKLCI
1803.58 +0.97pts (+0.05%)
Volume 1.852b Value 1.825b
1) The KLCI rose to a high of 1808pts in the morning
before it quickly erased gains to trade in a tight 3 point band around the
overnight level and ended flat. In the US market, trades were also similar
where investors were reluctant to participate actively in the market as they
await key employment data that's due tonight. In the regional market, SHCOMP
-0.83% slipped weighed by developers as investors showed concerns of the
government's efforts to curb rising prices in the near term, HSI -0.52% fell,
in line with global bourses amid profit taking after surging to a 4 week high.
In the local scene, the CI saw an increase in both volume and value as HUBLINE
0.00%, DAYA +8.95% and WPRTS -4.83% leading the most active stock list. Market
breadth was positive with gainers edging pass losers by 390 : 387. Futures
closed 1806pts (2.5pts premium).
2) Heavyweights : SIME+1.26% RM9.58, MAXIS +1.54% RM7.21,
PBBANK+0.21% RM18.50, FGV+1.16% RM4.35, GENTING-1.73% RM10.18, CIMB-0.65%
RM7.59, MAYBANK-0.40% RM9.95, PETGAS -0.60% RM22.86.
3) DBT : SOP
23.140mil @ RM6.05 (5.283% PUC @ 6.7% Premium), IJM 7.9mil @ RM5.79, PMHLDG
6.152mil @ RM0.07
4) Situational:-
WPRTS-4.8% RM2.69 - held a conference call today where
CEO, Ruben Gnanalingam confirmed that CMA-CGM (a member of the P3 Shipping
Alliance and one of Westports' largest customers) will realign its routes from
mid-2014, which will reduce its transshipment volumes going through Port Klang.
CMA contributes 2.5m TEU to Port Klang and about 1m of this is transshipment.
He expects a worst case scenario of 50% drop in transshipment volumes, or a
reduction of 500,000 TEU per annum, which would have an impact of 6.7% to
Westports (current total throughput is 7.4m TEU pa).
5) MAXIS
Maxis is eyeing to capture at least 50 per cent of
Malaysia's prepaid mobile Internet market through its Hotlink plan. With the
#Hotlink plan, customers could now enjoy free basic Internet at 64 Kilobytes
per second which can be upgraded to high-speed Internet for just RM1 per day.
This product is the first of its kind in Malaysia.
Current mobile Internet penetration in the country was
only between 20 per cent and 25 per cent and among the reasons for the low
figure was limited service coverage, restricted mobility and slow Internet
speed.
+ve as a first mover in this competitive space but we
continue to favour Digi with its business trust catalyst.
6) Market - Consolidation on the KLCI to continue around
current levels with short term outlook dependant on news flow in Friday's
Budget.