FBMKLCI
1709.18pts -7.40pts (-0.43%) Volume
1.606b Value 2.035b
1) The KLCI continued its downtrend following the weaker U.S market overnight after the Brent fell below the $50 per barrel. In the regional market, bourses were generally stronger after official discussed setting up another separate link with Shenzhen exchange to increase the trading thru SH exchange, SHCOMP +0.67% and HSI +0.83% both rose while the NIKKEI +0.01%closed flat. In the local market, the defensive consumer sector outperformed today boosted by BAT +2.22%, NESTLE +0.43%, KAREX +3.38% & NTPM +4.06%. Market breadth was negative as gainers edged losers by 413 : 352. Market futures closed at 1712.5 (3.5pts premium).
1) The KLCI continued its downtrend following the weaker U.S market overnight after the Brent fell below the $50 per barrel. In the regional market, bourses were generally stronger after official discussed setting up another separate link with Shenzhen exchange to increase the trading thru SH exchange, SHCOMP +0.67% and HSI +0.83% both rose while the NIKKEI +0.01%closed flat. In the local market, the defensive consumer sector outperformed today boosted by BAT +2.22%, NESTLE +0.43%, KAREX +3.38% & NTPM +4.06%. Market breadth was negative as gainers edged losers by 413 : 352. Market futures closed at 1712.5 (3.5pts premium).
2) Heavyweights : MAYBANK -2.15% RM8.61, CIMB -1.68% RM5.25, SIME -1.42% RM9.02, PCHEM -1.79% RM4.92, PETGAS -1.01% RM21.56, GENTING +2.01% RM8.60, BAT +2.22% RM63.32, TENAGA +0.43% RM13.82.
3) DBT: BSTEAD, 9.9mil @ RM4.82, AFFIN 8.8mil @ RM2.99, BTM 5.40mil 0.13, PERDANA 4.422mil @ RM1.10 (10% premium).
4) Situational:-
EATECH -1.07% 0.46 - Newly-listed E.A. Technique Bhd expects to secure up to 70.0% of two services shipping contracts worth RM1.0b from a major client this year. The company has allocated USD40.0m capital expenditure this year for that purpose. Upon completion of securing the contracts, they expect to get an additional total revenue of RM100.0m year-on-year. Their current projects in hand are worth RM1.3b.
5) MAH SING
Mah Sing Group Bhd shareholders have approved the renounceable
rights issue with free warrants and 1-for-4 bonus issue at the company's
extraordinary general meeting today. The rights is expected to raise up to
RM630 million for future expansion of the company. Immediate prospects
for the company is secured by its RM1bn outstanding booking buts its FY15 sales
target of RM3.6bn however is likely unattainable given the weaker sentiment and
economy.
6) Market – We maintain our cautious stance with a negative bias
on the market with a 1670pts strong support level