FBMKLCI
1884.91 -3.78pts (-0.20%)
Volume 1.780b Value 1.735b
1) The KLCI swung between a 6 pts band before ending at
the low today just as the US market closed for the 4th of July celebration
tonight. In the regional market, Hong
Kong's HSI +0.06% ended flat today after earlier gains from the better US jobs
data was erased weighed down by the SHCOMP -0.19% which closed lower today. In
the local index, profit taking was seen all across the board as the INDEX
closed in the red weighed down by CIMB. Market breadth was positive as gainers
beat losers by 480 : 345 today. Futures closed at 1888.5pts (5 pts premium).
2) Heavyweights : CIMB -1.78% RM7.17, ASTRO- 2.30%
RM3.39, MAYBANK -0.20% RM9.83, MAXIS -0.44% RM6.69, SIME -0.20% RM9.63, IHH
+1.35% RM4.49, BAT +1.14% RM67.42, PCHEM +0.29% RM6.78
3) DBT : AMEDIA 26.177mil @ RM0.08 (2.21% PUC), INARI
4.5mil @ RM3.1178, PLABS 1mil @ RM0.17
4) Situational:-
CYPARK +0.35% RM2.84 - Cypark Resources Bhd said it has
won a contract to undertake a construction project for a lake development in
Putrajaya worth RM12.3m. The company said the contract is for the completion of
lake development in respect of the proposed construction and completion of
promenade at Precincts 17 and 19 and remaining works at promenade Precincts 16
and 18 in Putrajaya.
PESTECH +4.19% RM6.46 - Pestech International Bhd's
wholly-owned unit, Pestech Technology Sdn Bhd, has signed a memorandum of
understanding (MoU) with USbased TRAX LLC for technical cooperation. The
company said the MoU serves as a blueprint for the proposed cooperation to
collaborate in business development, marketing, sales and project execution for
power plant operator training simulator, engineering analysis and training
solutions.
5) Gadang : announce the completion of it 10% private
placement & listing of new shares in the Bursa today. Share price was 3.7%
lower following this. We reckon this may be a buying opportunity if weakness
continues. Gadang's long-term growth prospect remains intact. It is one of the
MRT1 contractors and it is also one of the Petronas contractors. Thus far, it
has executed both projects well. We believe it will win one of the
recently-approved MRT2 packages and other Petronas jobs.
6) Market : Expect market to remain range bound next
week. Momentum indicators suggest that the relative strength of the index
remains intact. Local benchmark is still well supported, with short-term range
expected between 1870 -1890 pts. Support
at 1860 pts in tact.