FBMKLCI
1862.70 -6.30pts (-0.34%)
Volume 1.273b Value 1.402b
1) The KLCI slipped today weighed down by selected
heavyweights despite the US reaching record highs overnight on the back of
ECB's move to cut interest rates. In the regional market, bourses were weaker
just before the release of trade data in China this weekend as HSI -0.69%,
SHCOMP -0.54%, NIKKEI -0.01 fell. In the local market, profit taking was seen
all across the board as the INDUSTRIAL index pared its weekly gains this week
dragged down by PETGAS 1.14%, PPB -2.76%, SIME
-0.31% RM9.52. Market breadth was negative with losers beating gainers
by 397 : 323. Futures closed at 1866 (3.5pts premium).
2) Heavyweights : TENAGA -1.68% RM11.70, PBBANK -0.57%
RM20.78, PPB -2.76% RM14.78, PETGAS -1.14% RM24.26, PETDAG -2.26% RM24.14, YTL
-1.76% RM1.67, MAXIS +1.35% RM6.72, RHBCAP +2.67% RM8.44.
3) DBT : PMHLDG
4.79mil @ RM0.145, MUIIND 3.6mil @ RM0.195
4) Situational:-
KLCC +2.32% RM6.60 / IOIPG -1.18% RM2.50 - KLCC REIT will
be included in the FTSE Bursa Malaysia KLCI replacing IOIPG. All constituent
changes will take effect on the 23rd of June 2014.
5) PBBANK
the Board had after the EGM, resolved to fix the issue
price of the Rights Shares at RM13.80 per Rights Share at an entitlement basis
of one (1) Rights Share for every ten (10) existing PBB Shares held by the
entitled shareholders of PBB as at the entitlement date to be determined and
announced later.
The above issue price of RM13.80 per Right Share
represents a discount of approximately 33% to the theoretical ex-rights price
of RM20.64 per PBB Share, which was calculated based on the five (5)-day volume
weighted average market price of PBB Shares up to and including 5 June 2014 of
RM21.32 per PBB Share.
Based on the 3,502,125,130 PBB Shares in issue (excluding
29,800,704 PBB Shares bought-back by PBB and retained as treasury shares) as at
5 June 2014, the Rights Issue will result in the issuance of 350,212,513 new
PBB Shares raising gross proceeds of RM4,832,932,679.
This would further strengthen group’s common equity Tier
1 ratio to 10.6% from current 8.5% in preparation of forthcoming capital
requirements. Hold
6) Mkt: Expect range bound trading between 1850-1889pts
level with buying opportunities for Maybulk, Armada and Tenaga.