FBMKLCI
1833.85 +13.37pts (+0.73%)
Volume 1.751b Value 3.128b
1) The KLCI rose today inline with the regional market
that shrugged off the weaker US market
which closed in negative territory just before the weekend. In the regional
market, HSI led the rally gaining +1.91% after China 's manufacturing data
missed estimates raising speculation the government will implement more
stimulus to spur growth; SHCOMP +0.91% and NIKKEI +1.77% both closed stronger.
In the local scene, the CI saw some basket buying of selected heavyweights
pushing the index into positive territory in the early session while Penny
stocks such as INSAS +25.53%, MEGB +12.96%, KARYON +13.09%, GHLSYS +10.00%,
SONA +6.06% continue to see risk on trades. Market breath was positive with
gainers beating losers by 428 : 370. Futures closed at 1836.5 (3pts premium).
2) Heavyweights: GENTING +1.66% RM9.76, MAYBANK +0.83%
RM9.64, PETGAS +1.73% RM23.50, AXIATA +0.92% RM6.58, SKPETRO +1.89% RM4.30, FGV
+2.48% RM4.54, BAT +2.42% RM59.88, DIGI +0.96% RM5.24.
3) DBT: XDL 12.15mil @ RM0.40 (1.05% PUC @ 21% premium),
DAYANG 5mil @ RM3.75, PDZ 2mil @ RM0.115, UZMA 1.767mil @ RM6.00 (1.33% PUC).
4) Situational:-
TGOFF + +0.90% RM 0.555 - Oil and gas player, Tanjung
Offshore Bhd, has acquired United Kingdom-based company, Wavenet Investments
Ltd, for MYR37.1m. Wavenet, which principally acts as a holding company, wholly
owns Sparkling Light Investments Ltd, which in turn owns a block of 8 storey
office building in the central business district of Birmingham. The property,
4,839.1 square metres in size, sits on a piece of freehold land and has an
excellent connectivity to a complete range of transport links.
5) JAKS
The company has accepted for the proposed design and
construction and completion of Package D43 - Construction of sewerage pipe
network at Batu, Jinjang Kepong, Kuala Lumpur (Design & Build) for a contract sum of RM399.3m from the
Ministry of Energy, Green Technology & Water. The Contract is for duration of 4 years and
is expected to be completed by April 2018.
This follows a similar contract award at the end of 2013
worth RM236.6m for a sewerage pipe network and treatment plant rationalisation
in Puchong Selangor.
6) Market - Maintain current trading trend with focus
more on external news especially out of China and US. At the 1830pts levels investors
are advised to selectively trim out performers including MISC, Digi, Astro, TM