FBMKLCI
1769.12 -8.38pts (-0.47%)
Volume 1.517 Value 1.351b
1) The KLCI slipped today inline with the US after
short-term bond yields gained on Tuesday as the stalemate in Washington D.C
over the debt ceiling took a deeper toll on the US market. In the regional,
markets SHCOMP +0.62%, STI +0.24% recovered from losses after US president
indicated that he would nominate dovish Janet Yellen as the next head of the
Fed reserve. In the local market, PROPERTY index -0.71% was the underperforming
sector as it was weighed down by UEMS-2.00%, MAHSING-2.43%, SUNWAY-1.02%. Market
breadth was negative with losers beating gainers by 381:321. Futures closed
1773.5 (4.5pts premium).
2) Heavyweights : DIGI -1.61% RM4.89, CIMB -0.80% RM7.40,
HLBANK -2.94% RM13.82, GENM -1.62% RM4.23, PETGAS -0.81% RM22.00, GENTING
-0.57% RM10.40, PPB -1.53% RM14.16, PBBANK -0.22% RM18.00.
3) DBT : DIGI
59.057mil @ RM4.86 (0.76% PUC, stake sale by Khazanah), DESTINI 17.384mil @
RM0.30 (3.523% PUC @ 10% discount), IJM 7.675mil @ RM5.76 (0.546% PUC)
4) Situational:-
GLOMAC +0.87%
RM1.16 - Property developer Glomac has sold an office building in Melbourne,
Australia for AUD43.8m (RM132.3m). The purchaser is Singapore-based Hiap Hoe.
The proposed sale is expected to result in a share of profit of approximately
AUD5.3m for FY14.
5) CENSOFT
Announced that the
Securities Comission Malaysia had confirmed of its concurrence that the
Acquisition and MGO would not result in a significant change in the business
direction or policy of Censof and therefore are not subject to the SC's
approval under section 214(1) of the Capital Markets and Services Act, 2007.
Pursuant thereto, the conditional share sale and purchase
agreement dated 12 September 2013 entered into between Censof and TIME
Engineering Berhad in relation to the Acquisition has become unconditional
today.
Upon the SSA being unconditional, Censof is deemed to
have beneficial interest over the 349,112,731 ordinary shares of RM0.20 each in
TEB, Censof is obliged to extend a mandatory general offer to acquire the
remaining TEB Shares not already owned by Censof for a cash offer price of
RM0.20 per Offer Share.
6) Market - The KLCI continues to show resilience with
the support of 1750pts not violated despite the significant falls experience by
the US over past few trading sessions. This could indicate we are closer to a
technical bounce than a break down in the near future. Stock to track for the
bounce include CIMB, IJM, Mudajaya, AirAsia.