FBMKLCI
1820.70 +5.54 (+0.31%)
Volume 1.210b Value 1.821b
1) The KLCI rose today as the US market performed
distinctly to close in positive territory overnight just before the FOMC
meeting tonight. In the regional market, optimism quickly translated from the
west boosted bourses as NIKKEI +0.94%, SHCOMP +0.08%, HSI +0.51%, all closed in
positive territory. In the local scene, TECHNOLOGY index +0.57% was the
strongest sector today boosted by JCY +2.14%, GPACKET +9.19%, GHLSYS +1.92%.
Market breadth was positive with gainers inching past losers by 397 : 346.
Futures closed at 1814.5 (5.5pts discount).
2) Heavyweights: GENM +4.35% RM4.31, PBBANK +0.63%
RM19.16, CIMB +0.71% RM7.05, AMBANK +1.71% RM7.11, PETGAS +1.13% RM23.26,
MAYBANK +0.41% RM9.59, KLK -1.66%
RM23.70, TENAGA -0.50% RM11.94.
3) DBT: MPAY 18.303mil @ RM0.176 (4.54% PUC @ 25.2%
discount), SHELL 11.627mil @ RM6.30 (3.87% PUC), GHLSYS 10mil @ RM 0.77,
TITIJYA 1mil @ RM1.73.
4) Situational:-
CBIP +2.56% RM4.40 - CBIP received a letter of award from
Gilford Limited (a subsidiary of Rimbunan Hijau) to construct a 60t/hour
Modipalm continuous sterilization palm oil mill in Papua New Guinea. The
contract is worth RM46m, and will be recognised in 2014 and 2015 respectively.
5) CYPARK :
announced that it had on 14 March 2014, accepted the Letter of Acceptance
dated 12 March 2014 in respect of the tender for Main Building Works for Phase
1 and 2 of a private school on Lot PTD 168450, Jalan Dato' Onn Utama, Bandar
Dato' Onn, Mukim Tebrau, Johor from Fairview International School Nusajaya Sdn.
Bhd. for a sum of RM17.8m for a contract period of twelve (12) months; +ve,
works are expected to contribute positively to the group earnings for
FY10/2014. Cypark's longer-term earnings outlook remains bright as it continues
to expand its Renewable Energy (RE) capacity, with SEDA expected to release the
new RE quota by the end of this month.
6) Market: Trading expected to remain cautious with the
FOMC meeting tonight, where further easing of it's asset purchase program is
expected.
