FBMKLCI
1765.52 27.42pts (+1.58%) Volume
1.212b Value 1.605b
1) The KLCI rebounded today, erasing this week's losses
to close at its day high of 27pts during auction. This was despite the mixed
U.S market that ended slightly lower after sentiments were weighed by China's
tightening of lending rules and Greece's surprise elections announcement. In
the regional market, SHCOMP rebounded +2.93% amid speculation govt will provide
stimulus to spur the economy after inflation data slowed more than expected,
the HSI +0.16% and ASX -0.45% closed mixed while the NIKKEI closed lower on the
stronger yen. In the local market, index bluechip stocks stole the spotlight as
AXIATA, SIME, PETGAS, PBBANK launched the index closer to the 1780 resistance.
Market breadth was positive with gainers beating losers by 503 :292. Futures
closed at 1764 (1.5points discount)
2) Heavyweights : AXIATA +4.53% RM6.92, SIME +4.34%
RM9.60, PETGAS +4.46% RM22.46, PBBANK +1.21% RM18.32, MAXIS +3.92% RM6.88,
TENAGA +1.15% RM14.00, IOICORP +2.82% RM4.73, CIMB +1.66% RM5.50.
3) DBT : BJFOOD 17.538mil @ RM1.8344(4.75% PUC @ 41.4%
discount), SONA 5mil @ RM0.40, BIMB 3.55mil @RM4.2180, JAKS 1.5mil @ RM0.44
4) Situational:-
BHIC +2.22% RM2.30
- Boustead Heavy Industries Corp Bhd's unit BHIC Defence Techservices Sdn Bhd
has received RM3.7m maintenance and supply contract from Ministry of Defence
(Mindef). The contract is valid for a period of three years from the date of
BHIC Defence's acceptance of the award. The company said the contract will have
no material impact on the group's earnings for the financial year ending
December 31 2014
5) ICON
Icon Offshore Group Sdn Bhd has recently been awarded the
following contract awards 1)a contract by EQ Petroleum Production Malaysia
Limited for the provision of one unit straight supply vessel; 2) contract extension
by an established oil major for the provision of one utility tug vessel; 3)a
contract extension by an established oil major for the provision of one anchor
handling tug/supply vessel.
The Contracts are valued at approximately RM43.0 million.
The stock may encounter selling pressure in the near term
as its lock up period of 6mths from listing of its cornerstone investors
expires soon. Conerstone investors represent 275m shares or 23.3% of the PUC.
6) Market - Year end window dressing activities could
help prop the market up towards the 1780pts levels however medium term outlook
remains uncertain as sluggish commodity prices remain a main concern for the
Malaysian economy.
