FBMKLCI
1845.86 -2.08pts (-0.11%) Volume
2.579b Value RM2.283b
1845.86 -2.08pts (-0.11%) Volume
2.579b Value RM2.283b
1)
The KLCI closed lower inline with the weaker US market amid mixed economic
data. In the regional scene, bourses were mostly negative as the NIKKEI -1.17%
, HSI -0.31%, HSCEI -1.25%, ASX -1.17% closed lower amid mild profit taking,
SHCOMP +2.20% however bucked the regional trend. In the local scene,
CONSTRUCTION +0.64% index outperformed once again boosted by WCT +6.28%, PESONA
+9.25%, JAKS +7.48% as the PLANTATION -0.48% index lost grounds weighed by
IOICORP -2.38% following weaker CPO prices after output and inventories
increased. Market breadth was positive with gainers beating losers by 493 :
334. Futures closed at 1846 (parity).
2)
Heavyweights : GENTING -2.23% RM8.77, IOICORP -2.38% RM4.50, GENM -2.61%
RM4.47, TENAGA -0.68% RM14.44, CIMB -0.81% RM6.10, PBBANK +1.14% RM19.46, IHH
+1.37% RM5.91, MAYBANK +0.42% RM9.49.
3)
DBT: MULPHAL 5mil @ RM0.78 (2.19% PUC), BARAKAH 2.2mil @ RM0.90, RPB 1.842mil @
RM0.38.
4)
Situational:-
SASBADI
-1.43% RM2.06 - Sasbadi Holdings Bhd's wholly-owned subsidiary, Sasbadi Sdn Bhd
(SSB), has received a contract worth RM2.3m from the Ministry of Education to
publish, print and supply textbooks to national schools throughout Malaysia.
The contract is for the period from April 15, 2015 to Dec 31, 2017 and will not
have any material effect on the group's earnings for the financial year ending
Aug 31, 2015 (FY15). The group said SSB was expected to deliver the first
tranche of textbooks worth about RM1.95m to the schools in the first quarter of
FY16.
5)
MCT Bhd.
MCT
will accelerate projects that will focus on affordable housing after the
introduction of the new GST tax boosted demand for cheaper homes. The company,
which has 9 billion ringgit ($2.5 billion) of projects over the next five
years, will start with developments worth 3.9 billion ringgit in the “near
term” with 56 percent of units priced below 500,000 ringgit according to its
CEO. MCT is 13th biggest co. on the Bursa Malaysia Property Index by market
value.
+ve
however valuations remain above the industry average with prop sector off most
investors radar for the moment.
6)
Market – Profit taking activity could be more prevalent next week with no new
positive developments however downside risk at the moment appears contained to
ard the 1830pts levels on the KLCI.
