FBMKLCI
1829.18 -5.56pts (-0.30%)
Volume 1.964b Value 1.840b
1) The KLCI saw choppy trading before ending in negative
territory for a 4th straight day, this is inline with weaker US market. In the
regional market, bourses were all under selling pressure upon profit taking
among China stocks which hit their
lowest level in almost 5 months today dragging sentiments down; SHCOMP -1.80%,
HSI -0.58%, NIKKEI -2.35%, ASX -0.47%. In the local market, TECHNOLOGY +2.38%
sector outperformed the bluechips as JCY +6.92%, MPI +3.15%, FRB +5.59% carried
the index higher; while the INDUSTRIAL -0.90% Index slipped the most dragged
lower by PETGAS -2.20%, PPB 2.63%, BAT -1.09%. Market breadth was positive with
gainers outpacing losers by 538 : 262. Futures closed at 1828 (1point discount)
2) Heavyweights: CIMB -1.33% RM7.41, IOICORP -2.62%
RM4.46, PETGAS -2.20% RM23.08, PPB -2.63% RM15.50, GENM -1.37% RM4.32, TENAGA
+1.09% RM11.12, PBBANK +0.42% RM18.98, SKPETRO +0.87% RM4.61.
3) DBT: BIOOSMO
15mil @ RM0.15 (4.221% PUC @ 33.3% discount), GENETEC 10mil @ RM0.05 (2.84% PUC
@ 58.4% discount), IVORY 4.06mil @
RM0.55 (8.4% Discount).
4) Situational:-
ECOWLD -0.68% RM4.36 - The stock reached a high of RM4.85
before Bursa Malaysia released a Unusual Market Activity (UMA) query which
reversed the stock back down closer to its overnight level.
MMC +6.667% RM 3.04 - News reported MMC Corp Bhd is
believed to have the approval of two of its largest shareholders to undertake a
capital reduction exercise that will ultimately lead to the company being
delisted from Bursa Malaysia. Minority shareholders will get between MYR3.70
and MYR3.90 per MMC share. MMC's two biggest shareholders are Seaport Terminal
Johore Sdn Bhd and Permodalan Nasional Bhd.
5) BINA PURI
Crystal Crown Aerocity Sdn. Bhd, a wholly-owned
subsidiary of Bina Puri Holdings Bhd. has received the approval letter dated 11
December 2013 from FELCRA Properties Sdn. Bhd. to perform exploration and
production works for the project known as "Prospecting and Mining Scheme
for Iron Ore Mining on Land of Felcra Bhd. within Sungai Atok Jani area
measuring approximately 281 acres at Mukim Cheka, Daerah Lipis (Kuala Lipis),
Pahang Darul Makmur" subject to the approval from the State Government of
Pahang.
Remains a relatively cheap construction/property
developer with an outstanding order book of RM1.6bn and property GDV of RM2.5bn
vs its current market cap of RM112m.
6) Market - Profit taking in the region to continue to
weigh down the KLCI with the 1820pts immediate support for bargain hunting.
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