FBMKLCI
1777.50 +0.68pts (+0.04%)
Volume 1.514b Value 1.487b
1) The KLCI opened lower on Tuesday after US stocks
dropped to its 4 weeks low on concerns amid budget deadlock that is bringing
the nation closer to default but the CI recovered after the HSI gained +0.89%
carrying the regional benchmark as upbeat Chinese service sector data offsets
concerns from the west. In the regional bourse, SHCOMP +1.08% opened after a 7
day holiday closing slightly higher after retailer stocks rallied on increased
sales over the week; NIKKEI +0.30% and STI +0.32% closed higher inline with
China. In the local market, Industrial Index remained the top performing sector
as it closed +0.23% boosted by PCHEM +1.03%, DRBHCOM +2.01%, HARTA +1.22%, TAS
+7.78%. Market breadth improved over the day with gainers beating losers at 365
: 332. Futures closed 1779 (1.5pts premium).
2) Heavyweights: SIME-0.94% RM9.45, KLK-1.04% RM22.66,
PETGAS-0.71% RM22.18, PCHEM+1.03% RM6.86, PBBANK+0.33% RM18.04, YTL+2.01%
RM1.52, GENTING+0.57% RM10.46, DIGI+0.60% RM4.97.
3) DBT : INSBIO
57.398mil @ RM0.005 (20.022% PUC @ 66.6% discount), CAMRES 13.891mil @ RM0.20
(7.61% PUC @ 13.1% discount), SCICOM 7mil @ RM0.49 (2.363% PUC @ 5.8%
discount).
4) Situational:-
MHB+0.52% RM3.86 - Malaysia Marine Heavy Engineering Bhd
and its technical partner, Technip, have secured a substantial contract from
Petronas Carigali Bhd for an engineering, procurement, construction,
installation and commissioning (EPCIC) job. While the actual value of the
contract was not disclosed, Technip described anything between €250m (RM1.1bn)
and €500m (RM2.1bn) as substantial.
TAS+7.78% RM0.90 - TAS Offshore Bhd has secured a
contract for the sale of an anchor handling tug supply vessel valued at RM38m.
The vessel was sold to one of its new foreign customers and will be delivered
this month.
5) ZELAN : announced that it had, on 7 October 2013
disposed of 4,031,000 ordinary shares of RM1.00 each in IJM Corporation Berhad
(“IJM”) via a Direct Business Transaction at an average disposal price of
RM5.79 per share for a total consideration of RM23,268,271.53 . This
representing approximately 0.2868% of the total issued and paid-up capital of
IJM. The cash consideration of RM23,268,271.53 for the Sale Shares was derived
on “willing buyer-willing seller” basis. The rationale of the disposal is to
realise funds from the sales proceeds to pay bank borrowings and the derivative
financial liability incidental to the repayment of the bank borrowings. The
original cost of investment of the Sale Shares was approximately RM4.14 per
share. The Disposal was completed on 7 October 2013. Gain on the Disposal at
Group level was approximately RM6.6 million; Neutral on news.
6) Market : In the absence of domestic or external
catalysts, the market is expected to continue its consolidation trades with
early signs of situational stocks & lower liners piquing interest.
