FBMKLCI 1794.80
-9.41pts (-0.52%) Volume
2.403b Value 2.088b
1) The KLCI fell below the 1800 level, dipping as much as
15pts before it closed at -9.41pts despite optimistic from the US overnight. In
the regional market, bourses were mixed as SHCOMP rose +0.82% while Hong Kong
stocks slipped -0.73% with the markets awaiting the announcement of reform
measures as a key meeting of China's leaders later today. In the regional
market, recent IPO's took centre stage with its outstanding performance today
as KAREX +11.57%, UMWOG +5.41%, BARAKAH +7.69% all closing substantially
higher. Market breadth was negative with losers beating gainers by 528 : 300.
Futures closed 1784 (9pts discount).
2) Heavyweights: DIGI -1.22% RM4.85, PETGAS -1.83%
RM23.48, CIMB -0.92% RM7.53, MAYBANK -0.60% RM9.85, FGV -2.27% RM4.30, GENM
-1.33% RM4.43, PCHEM -0.58% RM6.75, SKPETRO -0.70% RM4.22
3) DBT : DESTINI 15.555mil @ RM0.33 (3.153% PUC @ 198.6%
discount), BARAKAH 4.15mil @ RM1.02 (19.1% discount), BDSREIT 3.86mil @ RM2.063
4) Situational:-
BSTEAD +0.76% RM5.27/ BHIC 0.00% RM2.65 - Boustead
Holdings Bhd has awarded a contract for the second generation patrol vessels/
littoral combat ships torpedo launching system to Boustead Heavy Industries
Corporation Bhd's subsidiary Contraves Advanced Devices Sdn Bhd. Boustead
Holdings said on Monday its subsidiary Boustead Naval Shipyard Sdn Bhd had issued
a letter of award to Contraves for the project under the government defence
programme.
5) AMMB
AMMB Holdings Berhad today clarified the position of
AmFraser Securities Pte Ltd, a wholly owned subsidiary in respect of the recent
fall of several SGX listed companies.
AmFraser Securities Pte Ltd's clients had a gross
exposure of circa RM120 million to these 3 stocks i.e. Blumont Group, LionGold
Corp and Asiasons Capital. The recovery efforts are progressing to expectations
and we have proactively provided RM40 million, well in advance of regulatory
requirements. It has retained their financial guidance for FY2014.
Minimal impact financially to its expected FYE 03/2014
Net income of RM1.8bn but could see selling on negative sentiment.
6) Market - Pull back to continue with next support at
1775pts as markets adjust to higher interest rates environment.