Market Roundup | 21 April 2015

 FBMKLCI 
1862.80   +14.14pts (+0.76%)      Volume
3.040b   Value RM2.470b

 

1) The KLCI closed at its day high following a strong rebound in Wall St overnight on better earnings report. In the regional scene, bourses were stronger as NIKKEI +1.50%, HSI +2.79%, HSCEI +2.98%, SHCOMP +1.82%, ASX +0.67%, STI +0.23% all gained despite the overhang of Greece's debt issue. In the local scene, turnover of the market picked up today as we saw buying amongst selective bluechips namely GENTING +5.38%, PCHEM +4.86%, CIMB +1.95% , GENM +2.77%. Market breadth was positive as gainers beat losers by 536 : 359. Futures closed at 1862 (parity).

 

2) Heavyweights : GENTING +5.38% RM9.20, PCHEM +4.86% RM6.04, CIMB +1.95% RM6.27, GENM +2.77% RM4.45, MISC +2.33% RM9.20, PBBANK +0.40% RM19.68, SIME -0.32% RM9.35, IOICORP -1.55% RM4.42.

 

3) DBT: PESONA 20mil @ RM0.88 (3.82% PUC @ 5.4% discount), NICE 12.1mil @ RM0.105 (4.50% PUC @ 53.4% discount), DSONIC 10mil @ RM1.10

 

4) Situational:-

SALCON +9.24% RM0.945 - Celcom Axiata inked an MOU with Salcon's subsidiary, Volksbahn Technologies (VBT), to enhance seamless service experience for connectivity and digital services in Klang Valley for LRT and Monorail users. Celcom said that its customers would see a higher level of convenience for their daily transactions with the availability of self-service kiosks at the respective stations in the Klang Valley.

 

5) YEE LEE
Yee Lee Marketing Sdn. Bhd. had on today entered into a Distribution Partnership Agreement with Allexcel Trading Sdn. Bhd to be appointed as their exclusive distributor to market, distribute and sell Red Bull Gold, Red Bull Less Sugar and Red Bull Bottle energy drinks and such other items and consumables as Allexcel may from time to time decide to include as products in Malaysia and upon all the terms and conditions as stipulated in the Agreement.

The Agreement is for a period of five years commencing from 1st August 2015 and shall automatically be renewed for further periods of two years upon each anniversary thereof unless or until rescinded or terminated by either party giving to the other party a written notice at least three months prior to the expiry date of the Initial Term or Subsequent Terms.

Previously F&N Beverages had, in February 2010, signed a principal agreement with Allexcel Trading for the exclusive distributorship of Red Bull energy drinks for an initial period of five years, from April 1, 2010, to March 31 2015.

 

+ve for Yee Lee to secure this popular sports drink in their product line.

 

6) Market: Volatility to continue as markets continue to grapple with the disparity of valuations caused by loose monetary policies and the weak underlying economies.