FBMKLCI
1875.80 +12.46pts (+0.67%)
Volume 3.012b Value 2.238b
1) The KLCI rebounded to close at its day high today
despite the weaker US market over the weekend as the local index was carried by
selected heavyweights DIGI, MAYBANK, AMBANK. In the regional market, bourses
were generally stronger led by China's SHCOMP +1.74% after it regained momentum
on the back of positive market comments from the country's top securities
regulator the China Securities Regulatory Commission (CSRC), HSI +0.28%, HSCEI
+0.97% also gained. In the local market, the laggard CONSTRUCTION +0.82% sector
outperformed in the index helped by WCT +5.06%, IJM +1.06% EKOVEST +2.20%,
MUHIBBAH +1.59%, ZELAN +7.46%. Market breadth was positive as gainers beat
losers by 555 : 329. Futures closed at 1871.5 (4pts discount).
2) Heavyweights : DIGI +2.45% RM5.85, MAYBANK +1.11%
RM9.98, AMBANK +3.01% RM7.17, PCHEM +1.51% RM6.69, MISC +2.95% RM6.62, GENM
+2.10% RM4.36, GENTING +1.21% RM9.98, PETGAS -3.30%.
3) DBT : PBBANK 5.6mil @ RM19.80, EAH 2.047mil @ RM0.115
(17.9% discount), TMAKMUR 1.85mil @ RM2.1816.
4) Situational:-
PERDANA +1.07 RM1.89 - News reported Perdana Petroleum is
the frontrunner for Shell's St. Joseph enhanced oil recovery contract for its
workbarge Perdana Emerald, which is now under construction in Miri and slated
for completion in Nov. The St. Joseph field is located northeast of Labuan.
BPURI +3.75%
RM0.69 - Bina Puri Holdings Bhd's unbuilt book order has increased to RM2.18bil
with the latest RM115.42mil contract to build the hostel in Sabah. its unit
Bina Puri Sdn Bhd had accepted the letter of award from Arkitek TM on behalf of
the employer, Likas Bay Precinct Sdn. Bhd which involved the building works and
external works for the hostel at Kuala Menggatal, Sabah. The completion period
is 28 months.
5) APM
APM Automotive Holdings Berhad completed the acquisition from McConnell
Seats Australia Pty Ltd ") of its
public sector mass transit seating manufacturing business known as
"McConnell Seats Australia" including all goodwill and assets
associated with the business free from encumbrances for a cash consideration AUD4.7million
.McConnell Australia is one of the major designer and manufacturer of transport
seating in Australia.
Currently, the APM Group exports bus seats to Australia.
The Business Acquisition is part of th APM Group's strategy to expand its
market base overseas and will create an opportunity for the APM Group to
leverage on the existing products and customer base of McConnell Australia and
will further strengthen the APM Group's existing market presence in Australia.
6) Market - positive leads from the region on the back of
expected acceleration of China reform in state owned enterprises should
continue to see brisk trading in mid caps especially with the Feds unlikely to
be too aggressive in raising rates. KLCI however to remain range bound ahead of
the reporting season ahead in Aug.
