FBMKLCI
1745.33 +3.85pts (+0.22%) Volume 1.177b Value RM1.318b
1) The KLCI bucked the regional trend closing as
bluechips, AXIATA, BAT, CIMB and IOICORP help boost the CI in the second
half. This was despite the weaker US
& EU market after Greece missed its latest payment deadline. Regions were
mixed as the SHCOMP erased earlier loss to close at 7 year highs, HSI closed
-1.06% & HSCEI -1.50%. Highlights in the mkt inclds PLANTATION +0.33% index
recovered towards the end supported by IOICORP+1.25%, TSH +2.62%, SOP +3.98% as
CPO px breached RM2300/mtn while the TECH -0.74% index as GTRONIC -2.34%, MPI
-1.57%, UNISEM -1.19% continue to slip on profit taking. Market breadth was
negative as losers beat gainers by 412 : 345. Futures closed at 1734 (11pts discount).
2) Heavyweights : AXIATA +1.59% RM6.39, BAT +3.27%
RM63.14, CIMB +0.75% RM5.33, IOICORP +1.25% RM4.05, GENM +0.95% RM4.22, MISC
-2.28% RM8.14, TM -1.43% RM6.85, PPB -1.84% RM14.92.
3) DBT: BCB
21.701mil @ RM0.90 (10.52% PUC), HIAPTEK 5.5mil @ RM0.40, EIG 4.3mil @ RM0.94.
4) Situational:-
HAPSENG +0.98% RM5.11 - Diversified group Hap Seng
Consolidated Bhd expects its property business to spur growth with affordable
housing projects in Sabah. The group, with a current land bank of 1,900 acres,
said Sabah remained a stable market with a younger population spurring demand
for housing. For the affordable housing range in Sabah, he said it costs
RM300,000 and below.
5) GENP
GENP today successfully made its maiden Sukuk issuance
following the issuance of RM1.0 billion Sukuk Murabahah under the Sukuk
Murabahah Programme of up to RM1.5 billion in nominal value based on the
Shariah principle of Murabahah. The Sukuk Murabahah has a tenure of 10 years,
at a profit rate of 4.62% per annum.
The Group will
thereafter apply such proceeds for its operating expenses, capital expenditure,
investment, refinancing, working capital requirements, general funding
requirements and/or other general corporate purposes which are within its
principal Shariah-compliant activities.
6) Market - Consolidation to continue on lower trading
volumes as we head into the Ramadan month in mid June.
