FBMKLCI
1824.32 -9.22pts (-0.50%)
Volume 2.579b Value 2.497b
1) The KLCI continued to slip for a 2nd session closing
at its day low following the weaker US market overnight that fell amid
deepening concerns over slowing global growth. Regional bourses were mostly
negative as the weaker European Data overnight weighed sentiments further,
NIKKEI -1.19%, HSI -0.68%, HSCEI -0.70%, ASX -0.81% fell while the SHCOMP
+0.80% bucked the trend closing at its 19 month high on property measures by
the govt. Locally, 2nd liners and small cap stocks continued lower wiyh names
such as INARI -3.61%, KOSSAN-7.82%, MYEG -5.72%, MUH -9.04%, TAMBUN -6.32% losing the most
grounds. Market breadth was distinctively negative as losers beat gainers by
935 : 93. Futures closed at 1820.5(3.5pts discount).
2) Heavyweights : IOICORP-1.86% RM4.75, SKPETRO -2.07%
RM3.78, IHH -2.21% RM4.86, PBBANK -0.42% RM48.68, KLK -1.72% RM20.54, TENAGA
-0.47% RM12.52, AXIATA -0.42% RM7.03, FGV -2.28% RM3.42.
3) DBT : NIHSIN 14.49mil @ RM0.34 (6.12% PUC @ 11.7%
discount), MEDAINC 1.15mil @ RM0.6104, GLOTEC 1.1mil @ RM0.105 (40% premium).
4) Situational:-
CENSOF -0.83% RM0.595 - Censof Holdings Bhd is looking to
target small and medium enterprises (SMEs) via its partnership with Asian
Business Software Solutions Sdn Bhd (ABSS). Censof deputy group managing director
Tamil Selvanantham Durairaj said the partnership, which will provide Goods and
Services Tax (GST) accounting software for SMEs, will already be contributing
positively to Censof's current financial year ending March 31, 2015. Censof has
partnered with ABSS to leverage on the introduction of GST. Censof said the
joint venture (JV) was made via its unit Century Software (M) Sdn Bhd (CSM),
where CSM will hold a 50.02% and ABSS 49.98%. Censof said the tie-up was aimed
to drive a strong growth of sales of MYOB brand Accounting Software products
and to carry out such other business incidental to the general purpose set
forth in the JV agreement
5) CLIQ
CLIQ Energy Berhad clarified that the Company is
currently in negotiations with various parties in relation to the potential
qualifying acquisition asset. There are
a number of issues being negotiated with these parties, one of which is the
operatorship issue.
6)SEACERA
Announce that submission to prequalify to bid for the
Proposed Warisan Merdeka Project made by the Parties is successful and the
Parties are invited to participate in the tendering process to construct the
tower structure comprising of reinforced raft foundation, concrete core walls
and mega columns, inclusive of multi story basement car park and also
responsible for management of nominated subcontractors for the Proposed Warisan
Merdeka Project located in Kuala Lumpur, Malaysia.
7)Market - The sharp sell off particularly in the midcap
space experienced this week should see bargain hunters emerge ahead of Budget
2015. However the overall sentiment remains bearish and we expect this to
continue heading into 3Q reporting season. Failure to meet expectations in this
upcoming qtr reporting could be the catalyst to send the market lower towards the
1800pts levels.
