FBMKLCI
1743.57 -1.43pts
(-0.08%) Volume 1.786b Value 1.882b
1) The KLCI pared most of its losses to close marginally lower following the US market which fell for a fifth straight session. In the regional markets, bourses languished on heightened volatility induced by Switzerland’s unexpected decision to remove its currency cap with the NIKKEI -1.43%, STI -1.25%, HSI -1.02% all falling into the red whilst SHCOMP +1.23% outperformed led by financials on news that ICBC is planning to sell $1.8bn worth of asset-backed securities. In the local scene, the defensive CONSUMER PRODUCTS +0.41% index gained the most led by PPB +1.99%, QL +2.09%, NESTLE +0.29%, DLADY +1.31%. Market breadth was negative today as loser beat gainers by 426 : 366. Futures closed at 1735 (8pts discount).
2) Heavyweights : CIMB -1.02% RM5.85, PETGAS -1.38% RM21.40,
SKPETRO +2.46% RM2.50, PCHEM -1.37% RM5.05, GENTING -1.07% RM8.30, MISC -1.69%
RM7.57, DIGI +0.81% RM6.20, GENM +1.58% RM3.85.
3) DBT: BIOSIS 10.0mil @ RM0.25 (9.52% PUC), DAYA 2.0mil @ RM0.165, GUNUNG 1.2mil @ RM0.80 (1.25% discount).
4) Situational:-
SKPETRO+2.46% RM2.50 -
SapuraKencana’s wholly-owned unit, SapuraKencana TMC
Sdn Bhd obtained a US$2.3 billion (RM8.2 billion) Islamic loan, placing
the firm on track to be relisted on the Securities
Commission Malaysia’s (SC) next review of syariah-compliant securities
in May. The Islamic facility agreement to convert a portion of its existing
conventional multi-currency facility borrowings into a facility based on the
syariah principle of Murabahah. The transaction was completed with 11 local,
regional and international banks, which according to a major bank involved in
the deal, represented the largest Islamic facility in Malaysia to date.
EKOVEST +6.54% RM1.14 - its wholly-owned subsidiary Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd has received a
letter from the Prime Minister’s Department’s Public Private Partnership Unit,
approving in principle the proposed privatisation of the Duke Phase-3. The
construction of the highway may begin in June next year, with completion in
four years.
5) D BHD
Entered into a Joint Venture Agreement with PAL to structure
and regulate the Parties’ joint venture participation in respect of the
technical healthcare services project pursuant to which a tender has been
prepared and submitted on behalf of PAL and HTS to the government of Papua New
Guinea. The tender has been accepted by the government of Papua New Guinea. The
purpose of the Joint Venture is to provide Consultancy services, facilities
management and hospital management services. The Project represents the maiden
entry of HTS into the technical healthcare services projects in Papua New
Guinea.
The Joint Venture represents an opportunity for DBhd to form a
strategic partnership with PAL to access to a larger customer base,
geographical markets and expand its business in the healthcare technical
services sector. +ve
6) Market – Range bound trading range to be maintain ahead of PM
economic address next week.