FBMKLCI
1706.64 +14.72 (+0.87%) Volume 1.745b Value RM2.251b
1706.64 +14.72 (+0.87%) Volume 1.745b Value RM2.251b
1)
The KLCI shrugged off fears of a Greek default regaining most of the previous
day's losses boosted by selected blue chips PCHEM +3.95%, CIMB +3.01%, PBBANK
+0.97%, ASTRO +5.12% on bargain hunting and half-year window dressing. Regional
bourses recovered from the previous day's sell-off led by SHCOMP +5.55%, HSI
+1.09%, NIKKEI +0.63% as talks of Beijing halting IPOs helped spur some buying
mitigating prospects of traders selling existing stock holdings to take part in
IPOs. The INDUSTRIAL PRODUCTS +1.36% index gained the most grounds led by
PETGAS +0.28%, HARTA +1.43%, KNM +4.20%. Market breadth was positive as gainers
inched losers by 495 : 309. Futures closed at 1699pts (7pts discount).
2)
Heavyweights : CIMB +3.01% RM5.47, PCHEM +3.95% RM6.32, PBBANK +0.97%
RM18.72, GENM +2.19% RM4.20, ASTRO +5.12% RM3.08, IOICORP +1.75% RM4.06, IHH
+1.43% RM5.66, YTL +2.65% RM1.55.
3)
DBT: FLONIC 10mil @ RM0.05, ENRA 4.00mil @ RM2.42 (2.94% PUC @ 13.3%
discount), HIBISCS 1.00mil @ RM0.70 (6.04% discount), STONE 0.7mil @ RM0.2450.
4)
Situational:-
XINHWA
+22.86% RM0.86 – Company opened trading today hitting a high of 90sen topping
volume with 76.3m transacted. IPO involved the sale of 54 million new shares at
70sen for its listing on Bursa Malaysia's Main Board. XinHwa is principally
involved in the provision of land transport operations, warehousing and
distribution operations and other services such as freight forwarding and
customs brokerage services as well as manufacturing and fabrication of trailers
5) UEML
UEMLand
entered into a sale and purchase agreement with UEM Group for the disposal by
UEML of the Imperia Building erected on a parcel of land in Puteri
Harbour Johor to UEMG, for a total consideration of RM137.8 million, inclusive
of goods and services tax (“GST”) of RM7.8m via cash.
The
Imperia Building consists of a 16-storey office tower with a 3-storey podium
car park and 7 retail lots, together with 13 retail lots on the ground floor of
a service apartment block and 251 basement car-park bays, the total strata
parcel area of which measures approximately 429,235 square feet.
The
gross proceeds of RM130.0 million (excluding GST) arising from the Proposed
Disposal are expected to be utilised by UEML to redeem part of the 450,000,000
redeemable convertible preference shares of RM1.00 each issued by BND to UEMG,
within 6 months from the date of this announcement.
6)
Market – Volatility to remain with news flow
especially from the Eurozone to dictate short term flows. Immediate support
remains at the 1672pts levels until this and other factors such as the Fitch
rating decision is known.