FBMKLCI
1834.52 +2.55%pts
(+0.14%) Volume 1.789b Value RM1.282b
1)
The KLCI extended gains for a 3rd consecutive day as the US posted modest gains
before the release of important jobs report tonight. In the regional market,
bourses were slightly higher as the NIKKEI +0.63% and SHCOMP +1.00% gained
while the rest of the major bourses closed before the weekend. In the local
scene, PROPERTY +0.39% sector outperformed the rest of the sectors boos ted by
SPSETIA +1.74%, SUNWAY +1.34%, TROPICANA +5.82%, IWCITY 3.36%. Market breadth
was neutral with even gainers and losers, 383 : 360. Futures closed at 1841
(7pts premium).
2)
Heavyweights : TM +2.17% RM7.51, PBBANK +0.52% RM19.02, MAYBANK +0.53% RM9.45,
IOICORP +0.43% RM4.61, CIMB +0.16% RM6.25, GENM -1.89% RM4.15, BAT -0.64%
RM68.22, YTL -0.58% RM1.69.
3)
DBT: XINGHE 108.523mil @ RM0.005 (4.621% PUC), NICE 32.4mil @ RM0.105 (13.898%
PUC, 44% discount), SUMATEC 21mil @ RM0.235 (9.3% premium).
4)
Situational:-
CMSB
+4.44% RM4.70 - CMS is venturing into the telecommunications sector via a 50%
stake in Sacofa Sdn Bhd for RM186.8m cash, valuing the latter at RM373.6m. CMS
will purchase 42.4m shares in Sacofa from the State Financial Secretary of
Sarawak, which currently owns 70.5% in the latter. Sacofa’s other shareholders
are Celcom Axiata Bhd with 15.1%, Sarawak Information Systems Sdn Bhd
with 7.6% and Yayasan Sarawak with 6.8%.
5)
PROTASCO
Its
wholly owned subsidiary, HCM Engineering Sdn Bhd had today received a Letter of
Award from a subsidiary of Malaysian Resources Corporation Berhad , Gelanggang
Harapan Construction Sdn Bhd for Main Civil and Infrastructure Works to connect
the road between OKR-NPE. The contract sum for the Works is
approximately RM58 million and the Works are to be completed by 30 September
2016. This comes hot on the heels of another contract awarded by Jabatan
Kerja Raya to undertake maintenance works on Federal Roads in Zone 2A, Sarawak,
Malaysia for a total contract sum of approximately RM77 million yesterday. +ve
6)
Market: Current range bound trading to continue with blue chips support and
trading activity in the Ace market.