BMKLCI
1807.65 +2.55pts (+0.14%) Volume 1.518b Value RM1.937b
The KLCI closed in the green following the stronger US
market overnight before the release of April's job report. Region rebounded
amid improving sentiments from the West as SHCOMP +2.28 led in gains with
+2.28% followed by HSCEI +2.04%, HSI +1.05%, STI +0.65%, NIKKEI +0.45%. In the
local scene, TECH index gained the most grounds boosted by INARI +2.17%, GHLSYS
+4.50%, GRANDFLO +10.52%, MMSV +4.66%. Market breadth was positive with gainers
beating losers by 461 : 316. Futures closed at 1806 (2pts discount).
2) Heavyweights : MAYBANK +1.53% RM9.29, SIME +1.00%
RM9.03, YTL +1.21% RM1.67, AXIATA -0.89% RM6.62, GENTING -0.67% RM8.86, PBBANK
-0.20% RM19.28, PETGAS -0.43% RM22.78, IOICORP -0.47% RM4.20.
3) DBT: LIONCOR 200mil @ RM0.03 (15.19% PUC), SUNREIT 17.067mil
@ RM1.6970, PAVREIT 9.848mil @ RM1.5390.
4) Situational:-
EPMB +1.28% RM0.79 - EP Manufacturing Bhd has entered
into two sale and purchase agreements with EP Moulds & Dies (M) Sdn Bhd and
Peps-JV (Melaka) Sdn Bhd for the proposed acquisitions of nine parcels of land
in Melaka worth RM43.9m. The first agreement was for the proposed acquisition
of three parcels of land measuring about 5.1 hectares while the second involved
six parcels of land measuring 11.2 hectares, the company said. EP Manufacturing
said the proposals represented an opportunity for the company to acquire
strategic industrial land at a reasonable price as the land are located within
the hub of Melaka's industrial, education and recreational growth centre and
supported by nearby residential and commercial developments.
5) MY EG
Announced that it entered into 22 conditional sale and
purchase agreements with Cosmopolitan Avenue Sdn. Bhd for the acquisition of
each of the twenty two (22) storeys of stratified parcels designated for office
use within a forty five (45) storey corporate office tower identified as Iconic
Office (Block N) at Empire City @ Damansara, currently under construction and
is expected to be completed by December 2015 for RM155.35m.
The Purchase Consideration shall be financed via a
combination of internally generated funds RM46.6m and external borrowings
RM108.7m.
The Proposed Acquisition facilitates the Company's plans
to centralise its operations and relocate all employees under one roof to
improve efficiency and operational productivity.
6) Market - Expect bargain hunters to energe as the CI
trades closer to the 1800pts levels with resistance seen ard the 1836 lvls.