FBMKLCI
1716.58pts -20.04pts (-1.15%) Volume
1.637b Value 1.858b
1) The KLCI extended its losing streak inching towards the 1700 support following the dismal performance from Wallstreet overnight after oil prices tanked to $50 per barrel. In the regional market, bourses were mostly negative led by NIKKEI -3.02%, HSI -0.91%, ASX -1.57% all closed deep in the red while SHCOMP +0.03% bucked the regional trend having recovered to close just flat helped by financial related names. In the local scene, FINANCIAL -1.78% index lost the most grounds amongst the sectors weighed by MAYBANK -2.22%, CIMB -2.19%, PBBANK -1.23%. Market breadth was generally negative with losers outpacing gainers by 638 : 180. Futures closed at 1704.5 (12 pts discount).
1) The KLCI extended its losing streak inching towards the 1700 support following the dismal performance from Wallstreet overnight after oil prices tanked to $50 per barrel. In the regional market, bourses were mostly negative led by NIKKEI -3.02%, HSI -0.91%, ASX -1.57% all closed deep in the red while SHCOMP +0.03% bucked the regional trend having recovered to close just flat helped by financial related names. In the local scene, FINANCIAL -1.78% index lost the most grounds amongst the sectors weighed by MAYBANK -2.22%, CIMB -2.19%, PBBANK -1.23%. Market breadth was generally negative with losers outpacing gainers by 638 : 180. Futures closed at 1704.5 (12 pts discount).
2) Heavyweights : MAYBANK -2.22% RM8.80, PBBANK -1.23% RM17.60, GENTING -3.43% RM8.43, CIMB -2.19% RM5.34, PCHEM -3.46% RM5.01, AXIATA -0.85% RM6.94, TENAGA -0.57% RM13.76, AMBANK -2.17% RM6.30.
3) DBT: PMHLDG 6mil @ RM0.425, AEM 1.11mil @ RM 0.15, MUIPROP 1mil @ RM0.47, YINSON 750k @ RM2.72
4) Situational:-
ALAM +1.63% RM0.62 - Alam entered into Shareholder’s Agreement with Vallianz International Pte Ltd, a wholly-owned subsidiary of Vallianz Holdings Limited, offshore support vessel owner and operators listed on Catalist of Singapore Exchange based in Singapore to form a Labuan based company called Deepsea Leader Venture (L) (ALAM: 51.0% VALLIANZ: 49.0%). The purpose of the tie-up is for the owning offshore support vessels operating in Malaysia’s upstream market and any other incidental activities.
5) TChong
Tan Chong Motor has unveiled the new Nissan Almera
today with more aggressive and aerodynamic features. The model features a
newly-designed front bumper with signature three-dimensional front grille and
new multi-reflector headlamps among others. The previous version has sold 56,000
units. The car comes in 4 variants beginning with RM66,900 (E variant Manual).
Comments: This model should help TC wrestle back some market share
particularly in the B segment where they lost ground in the overall market
share to Honda last year dropping to third. The failure of its regional
expansion thus far also continues to weigh on group profits. Expect the stock
to continue to underperform.