FBMKLCI
1838.69 +9.58pts (+0.52%)
Volume 2.271b Value 2.362b
1) The KLCI rose for a 3rd consecutive day lifted by
buying in selected bluechip stocks despite US closed flat overnight. In the
regional markets, bourses were all boosted by optimism after diplomats from
Russia and the US hold talks to end crisis in Ukraine. NIKKEI +1.59%, SHCOMP
+0.32%, HSI +0.55% all rose. In the
local scene, plantation index +1.60% was outstanding today after buying
interest was renewed by bullish CPO industrialist forecast during the annual Palm Oil & Laurics Conference (POC)
conference. Some of the gainers were FGV +1.98%, IOICORP +1.05%, KLK +1.10%,
GENP +2.80%, TSH +6.88%. Market breadth was positive with 561 : 244. Futures
closed at 1834 (4 pts discount).
2) Heavyweights: TENAGA +1.33% RM12.12, TM +3.69% RM5.90,
MISC +4.72% RM6.65, MAYBANK +0.51% RM9.70, IOICORP +1.05% RM4.78, PPB +1.83%
RM16.66, FGV +1.98% RM4.62, KLK +1.10% RM23.90
3) DBT: HAPSENG 24.08mil @ RM3.01, GLOTEC 4mil @ RM0.05,
PDZ 2.75mil @ RM0.135
4) Situational:-
HOHUP +3.35%
RM1.54 – Share price rose today after the group announced that it has applied
to Bursa Securities for an earlier uplifting of its PN17 status.
5)In its monetary policy setting meeting, Bank Negara
Malaysia (BNM) maintains its key Overnight Policy Rate at 3%.
This is in line with expectations as loan growth is
expected to slow this year as BNM’s responsible lending guidelines & macro
prudential measures will weigh on consumer credit, and core inflation has
generally been under control despite the removal/reduction of certain subsidies.
6) Market: Rotational play between sectors may continue
but the main KLCI index is hitting key resistance 1839/40 levels.