FBMKLCI
1818.60 -9.95pts (-0.54%)
Volume 1.705b Value 2.210b
1) The KLCI slipped today inline with the US market which
fell for a 2nd day in a row after healthy profit taking began to set in as the
index tapered from its record highs. In the regional market, most of the
bourses were in the red dragged lower by the HSI -1.65% and NIKKEI-2.59% which
fell just ahead of more China Macroeconomic data tomorrow; SHCOMP -0.14% and
STI -1.02% were all lower. In the local market, KLCI bluechips were hit down
after some basket selling were seen thruout the day with the biggest losers
being UMW -2.11%, TM -2.02%, PETGAS -1.78%. Market breadth was negative with
losers beating gainers by 438 : 334. Futures closed at 1813.5 points (5 points
discount)
2) Heavyweights: MAYBANK -0.93% RM9.51, PBBANK -0.62%
RM18.98, PETGAS -1.78% RM23.08, TM -2.02% RM5.80, CIMB -0.70% RM7.02, PHCEM
-1.04% RM6.66, UMW -2.11% RM11.12, GENTING -0.70% RM9.92
3) DBT: GENETEC 15mil @ RM0.05 (4.26% PUC @ 52.4%
discount), PWORTH 11.3mil @ RM0.18 (4.291% PUC), RPB 3.316mil @ RM 0.48.
4) Situational:-
DELEUM +6.61%
RM5.80 - Deleum Bhd has proposed a one-for three bonus issue and a share split.
The corporate exercise would involve a one-for-three bonus issue of 50 million
new shares of RM1 each. Deleum also proposed a one-into-two share split into
two shares of 50 sen each.
5) PTARAS
Announce that the Company's wholly-owned subsidiary,
Pintaras Geotechnics Sdn. Bhd. has, on 12th March 2014, received a Commencement
Date Notice dated 12th March 2014 from PNB Merdeka Ventures Sdn. Berhad to
undertake foundation works for a proposed building at Warisan Merdeka, Kuala
Lumpur. The said works are to commence on 17th March 2014 with a completion
period of about a year. The contract is valued at RM74 million.
Positive for the construction industry. As this 118storey
tower is expected to be completed in 2018 with a budget estimated at RM5bn.
Some potential winners include Sendai, AZRB, BPURI.
6) Market: External weakness is expected to impinge on
local sentiments with trading continuing to be cautious.