FBMKLCI
1807.59pts -5.42pts (-0.30%)
Volume 1.557b Value 1.732b
1) The KLCI continue to trend lower after the US market
closed lower following a mixed set of results by heavyweights (Intel and GE)
that weighed sentiments down. In the regional market, bourses were lower
weighed by SHCOMP-0.68% that fell below the 2,000 mark for the first time in 6
months after economic data slowed as factory output and business investment
spending eased; NIKKEI -0.59%, STI -0.59%, HSI-0.88% were all lower. In the
local market, selling pressure was persistent in the overall market with the
ACE market index losing the most grounds dragged by ANCOMLB -3.12%, INARI
-2.32%, YTLE -1.61%. Market breadth was negative with losers outpacing gainers
by 541 : 278. Futures closed at 1804.5 (3pts discount).
2) Heavyweights: SKPETRO -2.35% RM4.56, GENTING -1.17%
RM10.08, YTL -2.56% RM1.52, TENAGA -0.52% RM11.40, IHH -1.31%RM 3.75, PETGAS
-0.69% RM22.98, UMW -1.53% RM11.58, GENM +1.39% RM4.36.
3) DBT: BIOOSMO 16mil @ RM0.16 (3.514% PUC @ 8.6%
discount), DAYA 13mil @ RM0.4038, SCOMNET 10.073mil @ RM0.13 (4.146% PUC).
4) Situational:-
SPSETIA -1.706% RM2.800 - S P Setia Bhd has announced the
resignation of its chief executive officer (CEO) Tan Sri Liew Kee Sin, chief
financial officer Datuk Teow Leong Seng and non-independent & non-executive
director Tan Sri Lee Lam Thye. The group said Liew will leave on Apr 30, 2014
whilst Teow will stay on until Jul 31, 2014. Lee resigns immediately as a
non-independent and non-executive director.
The group has appointed its chief operating officer Datuk Voon Tin Yow
as acting president and CEO for one year from May 1, 2014 until Apr 30, 2015.
Chairman Tun Zaki Tun Azmi said over the next year the group intends to work
with its major shareholder Permodalan Nasional Bhd, before finalising potential
successors.
5) AUTO
The revised National Automotive Policy (NAP) 2014
unveiled today aims to make Malaysia the hub for energy-efficient vehicles
(EEVs). Under the NAP, more new national car models and variants at competitive
prices will be introduced this year.
The NAP 2014 provides a total financial package of about
RM2 billion and measures and implementation plans to realise the NAP 2014.
The key objectives of the NAP 2014 is to increase vehicle
exports and automotive component levels and it has targeted at least 200,000
units of cars to be exported while exports of components will reach a minimum
value of RM10 billion in 2020.
The government is also open to possibilities to reduce
excise duties gradually when the fiscal situation permits.
Malaysia wants to create manufacturing hub for energy
efficient vehicles; to issue 3-4 licenses by 2018
It will also extend exemption of excise duties and import
taxes for hybrid and electric vehicles for models assembled in Malaysia; until
Dec.2015 for hybrid and Dec. 2017 for electric cars.