FBMKLCI
1862.58 +16.50pts (+0.89%) Volume 2.102b Value RM2.003b
1) The KLCI closed at its day high after Wall st was
stronger overnight as NASDAQ soared to 15 year highs and S&P neared record
levels. In the regional scene, bourses were mixed as the ASX +1.51% led in
gains after resources names gained as iron ore and oil prices rebounded
overnight; HSI closed marginally higher today while the SHCOMP lost grounds. In
the local scene, PLANTATION +1.11% index gained the most grounds today boosted
by heavyweights KLK +4.27%, IOICORP +0.45%, GENP +0.80%, KULIM +1.13%. Market breadth
was negative as losers inched past gainers by 445 :393. Futures closed at
1864.5 (2pts premium).
2) Heavyweights : MAYBANK 1.83% RM9.42, PCHEM +4.19%
RM6.21, SKPETRO +6.34% RM2.85, KLK +4.27% RM23.42, TENAGA +0.82% RM14.60,
PBBANK +0.61% RM19.70, GENM +2.75% RM4.48, CIMB -0.97% RM6.09.
3) DBT: KINSTEL 18.558mil @ RM0.1292 (1.76% PUC), PESONA
9mil @ 0.8822 (1.71% PUC), SUNSURIA 5.5mil @ RM1.8182 (3.47% PUC).
4) Situational:-
PMETAL -10.49%
RM2.90 - Share price came under pressure after China, the world's largest
aluminum producer, may worsen a global glut of the metal as the government
scrapped export duties for some products. The removal of fees to ship certain
aluminum products may encourage further exports from the country that accounts
for about half the world's production. China will remove all export taxes on
bars and rods of primary aluminium and aluminium-alloy starting May 1, the
Ministry of Finance said. The government also scrapped export fees on rare
earth ores, as well as tungsten and molybdenum alloys.
5) BPURI : announced that Bina Puri Sdn. Bhd., a
wholly-owned subsidiary, has accepted the letter of award from Jabatan Kerja
Raya, Kota Kinabalu to undertake the project known as "Cadangan Pusat
Pentadbiran Negeri Sabah, Kota Kinabalu, Sabah " at contract sum of
RM123.32 million. The completion period is 12 months. With the latest award,
contract win for 2015 ytd stands at RM543m, while un-built book order stands at
RM2.17b; +ve, as contract comes just after a month from the construction of a
Spa Resort in Kuala Terengganu award for a contract sum of RM128.5m. The Kota
Kinabalu project is expected to contribute positively to the net assets and
earnings of Bina Puri Group for the financial year ending 31 December 2015.
Valuation appears undemanding at 7.5x FY15 - Accumulate.
6) Market: : We can expect further range bound trading
next week. Sub-par trading volume was seen this week as investors' sentiment
continued to be tepid for now amid unexciting economic indicators. The key
index to continue on its consolidation mode between 1840-80 points, while
awaiting fresh catalyst.