FBMKLCI
1771.37 +1.02pts (+0.06%)
Volume 1.843b Value 1.297b
1) The KLCI was flattish today as it closed just 1pt
above parity after the US continue to be in a deadlock dragging on the
government shutdown. In the regional market, bourses continue to be a
standstill as investors traded cautiously, NIKKEI -0.09%, STI -0.25%, ASX
+0.37%, KOSPI +0.03% were all flattish. The USD fell against most major
currencies as the people expect central banks to keep monetary policy loose for
a longer time. In the local scene, Selangor water related stocks fell after
news indicating that the proposed consolidation of the Selangor water industry
might be delayed till next year from year end, Puncak and KPS fell - 3.53% and
-4.32% respectively. Market breadth was negative thruout the day with losers
leading gainers by 350 : 402. Futures closed 1778.5 (7 pts premium)
2) Heavyweights : PBBANK +0.33% RM17.78, BAT +1.34%
RM63.34, MISC +1.56% RM5.18, MAXIS +0.57% RM7.04, SIME +0.31% RM 9.54, FGV
-1.90% RM4.11, SKPETRO -1.03% RM3.81, KLK -0.87% RM22.70
3) DBT : KAMDAR 4.703mil @ RM0.40 (2.375% PUC), UEMS
3.413mil @ RM2.58, MYEG 2mil @ RM1.90
4) Situational:-
HWGB +9.30% RM0.235 - Ho Wah Genting has entered into a
sale and purchase agreement to buy out Rex Oriental Sdn Bhd for a total of
RM3.0m. HWG said the sum would be paid via internally generated funds and
borrowings. The acquisition would allow the company to venture into the
Malaysian auto industry via Rex Oriental's 70% owned unit, Orient Sun Motors
Sdn Bhd.
5) ALAM M
Alam Maritim Resources Berhad announced that it has been
awarded a contract for the provision of one (1) unit anchor handling tug supply
vessel. The Contract, valued approximately at RM22 million is for a primary
period of six months with an extension option of another two months.
This will add to its already record numbers of orders
secured this year of RM1.2bn with more OSV contracts expected to be given out
from Petronas before year end. +ve Buy on weakness.
6) Market - Side ways market to continue with KLCI to
trade btw 1750-1780pts range.