FBMKLCI
1734.76 -0.87pts (-0.05%) Volume 1.416b Value RM1.706b
1) The KLCI opened
+9pts higher following the stronger US market overnight amid Greece optimism
before closing flat weighed by AXIATA, MAXIS, AMBANK. Regional markets were
inline with the stronger global market with the ASX +1.42% led in gains following
upbeat jobs report, HSI +0.83%, SHCOMP +0.30%, STI +0.79% gained marginally.
Majority of the stocks faced downward pressure today as the PROPERTY -0.74%
index continue to lag amongst the sectors dragged by MAHSING -2.87%, IOIPG
-1.51%, SPSETIA -0.59%, ECOWLD -1.25%. Market breadth was negative as losers
beat gainers by 468 : 289. Futures closed at
1731pts (3.5pts discount).
2) Heavyweights : GENTING +2.06% RM8.40, CIMB +0.74%
RM5.39, PCHEM +0.96% RM6.25, GENM +1.19% RM4.25, DIGI -1.07% RM5.55, MAXIS -1.05%
RM6.59, AMBANK -1.59% RM6.19, AXIATA -0.61%.
3) DBT: KRETAM
9mil @ RM0.365 (16% discount), BARAKAH 3.8mil @ RM0.9158, VS 1.75mil @ RM4.10.
4) Situational:-
L&G +0.00% RM0.495 - Land & General Bhd is buying
Pembinaan Jaya Megah Sdn Bhd (PJMSB), which is undertaking alienation of
112.353 acres of leasehold land in Bukit Raja, Selangor, for RM90.0m. L&G
told the media that it planned to develop the land into a residential and
commercial development. The vendors of PJMSB are Tengku Sulaiman Shah Al-Haj
Ibni Almarhum Sultan Salahuddin Abdul Aziz Shah Al-Haj (30.0%) and Datuk Hui
Swee Seong and family (70.0%).
5) BENALEC
Its term sheet entered between Spektrum Kukuh Sdn. Bhd, a
70%-owned subsidiary of Tanjung Piai Maritime Industries Sdn. Bhd., which in
turn is a wholly-owned subsidiary of Benalec Sdn. Bhd., which in turn is a
wholly-owned subsidiary of Benalec Holdings Berhad, and The State Secretary,
Johor and 1MY Strategic Oil Terminal Sdn Bhd to undertake the reclamation works
and sale of approximately 1,000 acres of land off the coast of Tanjung Piai,
Johor Darul Ta'zim for the purpose of constructing and operating a crude oil
and petroleum storage facility together with a private jetty expired on 11 June
2015. The Parties do not intend to pursue the finalisation of the terms and
conditions of the Sale and Purchase Agreement nor extend the validity of the
Term Sheet.
-ve but the price retracement indicates that market has
already factored in this announcement.
6) Market - Bearish sentiment to prevail weighed down by
persistently weak RM and domestic issues.