Market Roundup | 19 January 2015

FBMKLCI
 1753.31pts    +9.74pts (+0.56%)      Volume 1.918b   Value 1.914b

1)  The KLCI rebounded strongly following the stronger U.S performance last week after crude oil futures recovered and the currency markets calmed after it was rocked by the Swiss National Bank’s move to lift its currency ceiling against the USD. In the regional market, SHCOMP plunged 7.7% after regulators cracked down on several brokerage firms for allowing excessive margin trading, HSI -1.51% was also dragged down by financial stocks following developments in the mainland. In the local scene, O&G stocks continue to thrive as oil futures remained resilient, some of the biggest gainers today were KNM +7.95%, UMWOG +5.76%, DIALOG +4.43%, SKPETRO 5.20%, PERDANA +3.63%. Market breadth was positive today as gainers outpaced losers by 500 : 302. Futures closed at 1746 (7pts discount).

  

 

2) Heavyweights : MAYBANK +2.20% RM8.79, CIMB +1.70% RM5.95, SKPETRO +5.20% RM2.63, TENAGA +0.93% RM14.50, PBBANK +0.45% RM17.64, GENTING +1.08% RM8.39, PPB -2.09% RM14.00, PCHEM -0.99% RM5.00.

 

3) DBT: ASIABIO 10mil @ RM0.17, MAYBANK 6.443mil @ RM 8.75, TAKASO 4.306mil @ RM0.545.

 

4) Situational:-

UZMA +7.51% RM1.86 - Uzma via its wholly-owned subsidiary Uzma Engineering Sdn. Bhd. has been awarded a RM50m contract for the provision of Through Tubing Downhole Tools and Services by Petronas CarigaliSdn. Bhd. The contract period will be for 2 years, effective from 1 January 2015 to 31 December 2016 with an extension option of 1 year from 1 January 2017 to 31 December 2017.

 

5)Axiata

Axiata’s unit Axiata Digital Advertising has partnered with U.S.-based advertising technology firm Adknowledge's Asia unit. Adknowledge will work with businesses, advertising agencies and app developers in Asia to devise data-driven marketing strategies. The two companies plan to target Singapore, Malaysia, Indonesia, Hong Kong and India and plan to expand into other Asian markets in the next 18 months. +ve as it explores other avenues of revenue with declining traditional business. Advertising through cellphones in Asia is expected to reach $47 billion in sales.

 

6) Market – All eyes will be on the PM’s budget revisions tomorrow to account for slumping oil prices as initial Budget was tabled with an assumption of oil at USD100/barrel.