FBMKLCI
1741.48 -7.69pts (-0.44%) Volume 1.366b Value RM1.684b
1) The KLCI fell -7pts to close just slightly above the
1740 support neckline despite the stronger US market overnight ahead of
important jobs data tomorrow. In the regional scene, bourses were mixed as the
ASX -1.42% led in losses, HSI -0.38% fell while the SHCOMP +0.76% rebounded
erasing earlier losses. RUBBER GLOVE related names outperformed, namely
TOPGLOV+3.96%, HARTA +2.53%, KOSSAN +4.86%, SUPERMX +4.56%, as the break out of the Middle East
Respiratory Syndrome (MERS) coronavirus continue to worsen in Korea forcing it
to shut 700 schools and quarantine 1,400 individuals. Market breadth was
negative as losers beat gainers by 434 : 377. Futures closed at 1731.5 (10pts
discount).
2) Heavyweights : PCHEM -2.05% RM6.21, IOICORP -2.43%,
AXIATA -1.01% RM6.29, DIGI -1.20% RM5.72, GENTING -1.32% RM8.20, MISC -1.30%
RM8.33, CIMB -0.56% RM5.29, KLK +1.43% RM22.70.
3) DBT: MUDAJYA
30mil @ RM1.40 (5.43% PUC), KANGER 26.775mil @ RM0.2072 (4.92% PUC) RAYA 2.5mil
@ RM0.14
4) Situational:-
MELATI +2.45% RM1.25 - Melati Ehsan Holdings Bhd has
secured a RM653.0m concession to undertake the development of Universiti
Malaysia Sabah (UMS) Teaching Hospital in Kota Kinabalu, Sabah, and its asset
management services. The construction outfit said its 49.0% joint-venture company,
B.H.O Melati Sdn Bhd (BHOME), had entered into a concession agreement with the
Education Ministry and UMS to undertake the development of UMS Teaching
Hospital and carry out the asset management services for 30 years.
5) DIGI
Digi Telecommunications Sdn Bhd is looking at increasing
its 4G LTE network coverage from 34 per cent to 45 per cent nationwide by
year-end following its rapid LTE expansion nationwide incl Melaka and Negeri
Sembilan.
Digi's 4G LTE services are currently available in the
Klang Valley, JB, Penang, Kuantan, Kota Kinabalu, Tawau, Labuan, Kuching, Miri,
Bintulu, Kampar, Langkawi, and Port Dickson. The company currently has a
subscriber base of 11.7 million, of which 56.7 per cent is made up of mobile
internet users.
This is in line withits aspirations to be the best in
mobile Internet for the mass market in three years' time.
6) Market - Range bound trading with support btw
1730/1740 with upside capped at 1800pts.
