FBMKLCI
1874.12 +3.03pts (+0.16%)
Volume 2.455b Value 2.016b
1) The KLCI gained momentum in the 2nd half of the
session to close 3 pts above parity despite the weaker US market overnight. In
the regional market, SHCOMP closed flat halting a 7 day winning streak after
imports unexpectedly fell, HSI is closed for the mid Autumn festival and will
resume tomorrow. In the local scene, CONSTRUCTION -0.31% index continue to
trend lower today as GAMUDA -0.41%, WCT -1.86%, HOHUP -4.11% weighed the index
while the INDUSTRIAL index +0.27% gained attributed to strength in PCHEM
+0.47%, PETGAS+0.26%, TOPGLOV +2.28%. Market breadth was negative with losers
beating gainers by 420 : 399. Futures closed at 1873pts (1point discount)
2) Heavyweights : CIMB+ 0.96% RM7.32, TENAGA +0.64%
RM12.54, CIMB +0.96% RM7.32, GENM +1.40% RM4.32, TM +1.10% RM6.42, MAYBANK
-0.395% RM10.08, PPB -0.80% RM14.80, KLK.
3) DBT : KSTAR 21.312mil @ RM0.11 (8% PUC), ARMADA 15mil
@ RM2.90 (6.5% discount), AMBANK 10.375 @ RM6.999.
4) Situational:-
DRBHICOM +1.35% RM2.24 - Group has spent RM500.0m to
develop the all-new Proton Compact Car and will launch the PCC on September 25
at its manufacturing plant in Tanjung Malim, Perak. The PCC is not an A-segment
car (1.5-litre engine and below) and it will be unveiled to stakeholders,
vendors and 400 dealers at the launch.
5) DIGISTAR : announce that its wholly-subsidiary,
Nielsen Ward Sdn Bhd had received a conditional approval for a Money Lending
License under "Akta Pemberi Pinjam Wang 1951 (Akta 400)" via
"Kementerian Kesejahteraan Bandar, Perumahan dan Kerajaan Tempatan, Bahagian
Pemberi Pinjam Wang dan Pemegang Pajak Gadai" (KKB) letter dated 20 August
2014 . The approval is subject to the fulfillment of all the conditions imposed
as stated in KKB's letter within three 3 months from the date of approval i.e.
latest by 20 November 2014; Slightly +ve. The Business License will diversify
Digistar Gorup's earnings base and is expected to contribute positively to
Digistar Group's earnings for the financial year ending 30 September 2015 when
NWSB commence its money lending business. To await more details.
6) Market : Trading is likely to remain choppy as we
continue into the week, with trading range expected between 1860-1875 points,
due to lack of fresh catalysts in the market. Can expect further volume
dominance from the small caps, although sign of slowing momentum in the segment
is evident.