FBMKLCI
1883.15 -9.47pts (-0.50%)
Volume 2.041b Value 2.452b
1) The KLCI closed at its day low after the US market
dipped overnight on the back of worries that centred Portugal's biggest bank,
the Espirito Santo Financila Group, after it defaulted its debt payment. In the
regional market, SHCOMP +0.42% rose, paring its losses last week on speculation
that the government will loosen property curbs, HSI -0.02% closed flat as
investors tiptoed across the market as the Europe overhang continued to linger.
In the local scene, most of the stocks retreated on profit taking with
TECHNOLOGY -1.01% sector losing the most grounds as the MYR strengthened, the
index was weighed down mainly by UNISEM-2.84%, MPI -1.62%, JCY -1.39%, GTRONIC
-1.59%. Market breadth was negative with losers towering over gainers by 533 :
289. Futures closed at 1885.5 (2.5pts premium).
2) Heavyweights : CIMB -3.31% RM7.00, PETGAS -2.38%
RM23.72, PETDAG -2.92% RM21.26, IOICORP -1.53% RM5.14, ASTRO -3.82% RM3.27, TM
-1.25% RM6.28, RHBCAP +5.27% RM9.18, TENAGA +0.64% RM12.54.
3) DBT : DNEX 45mil @ RM0.2778 (5.805% PUC @ 13.2%
discount), QL 25mil @ RM3.40 (2.003% PUC), EG 19.504mil @ RM1.00 (26% PUC @
14.9% premium), TITIJYA 2mil @ RM2.40 (7.7% discount).
4) Situational:-
SUMATEC +20.96% RM0.375 - Ahmad Johari Abdul Razak was
just appointed as an independent non-executive director on the board of Sumatec
Resources Bhd, of which Halim Saad owns a major 25 percent stake. Ahmad Johari
also owns 1.92 percent of the group’s shares, which translates to 60,174,900
shares.
5) Theta Edge
is pleased to announce that it has accepted a Letter of Award from THP Bina
Sdn Bhd, a wholly-owned subsidiary of TH Properties Sdn Bhd for the Execution
and Completion of ICT and Security Works for Tabung Haji Hotel And Convention Centre.
The provisional contract value of the project awarded is
RM33,100,000.00. Date for completion of the whole works shall be 30 April 2016.
+ve
6) MRCB
SC has, via its letter dated 10 July 2014, declined the
proposed ruling that MRCB, MSP, Quill Land Sdn Bhd, Quill Properties Sdn Bhd,
Quill Estates Sdn Bhd and QRHSB are not regarded as persons acting in concert
in relation to QCT pursuant to the Proposals (“PAC Group”).
As the PAC Group is expected to hold more than 33% of the
enlarged outstanding units of QCT upon completion of the Proposed Disposal, a
mandatory offer obligation under the Malaysian Code on Take-Overs and Mergers
2010 (“Code”) would be triggered.
In light of the above, an exemption will be sought under
the Code from the obligation to carry out the mandatory offer.
7) Market: Barring externalities, the market is likely to
continue to trade within the trading band of KLCI 1875-1900.
