FBMKLCI
1715.58 +14.04pts (+0.83%) Volume 1.673b Value RM1.659b
1) KLCI gained for a 2nd consecutive day following the
stronger global market overnight on optimism that a deal to resolve Greek's
debt issue will be reached imminently. Regional bourses were mostly stronger
led by SHCOMP +4.54% which rallied strongly for a 2nd day buoyed by more
government support measures, HSCEI +3.60%, HSI +2.08%, STI +0.38%, KOSPI
+0.17%. Local equities were broadly higher as FINANCIAL +1.03% index gained the
most grounds boosted by PBBANK +1.763%, CIMB +1.12%, AMBANK +2.92%, MAYBANK
+0.43%. Market breadth was positive with gainers beating losers by 537 : 283. Futures
closed at 1713 (2.5pts discount).
2) Heavyweights : PBBANK +1.73% RM18.82, PCHEM +2.81%
RM6.20, CIMB +1.12% RM5.40, AMBANK +2.92% RM5.63, IOICORP +1.67% RM4.25,
SKPETRO +2.58% RM2.38, MAYBANK +0.43% RM9.20, WPRTS +4.44%.
3) DBT: UNISEM 15mil @ RM2.29 (2.15% PUC), IDMENSN 11mil
@ RM0.1127 (2.22% PUC), HUPSENG 9mil @ RM 1.20 (1.12% PUC).
4) Situational:-
CENSOF +3.17% RM0.325 - Censof Holdings Bhd will acquire
a 51.0% stake in Asian Business Software Solutions Pte Ltd for SGD10.0m
(RM28.1m) to hold on to its exclusive distribution rights to distribute and
market MYOB software products in Malaysia. Censof group managing director said
at the same the same time, the purchase will enable the firm to maximise its
earnings and expand its business presence domestically and abroad through Asian
Business Software network channels.
5) TNB
TNB today furnished more details on its 70% in Jimah East
Power(JEP) or RM46.98 million, which JEP's net book value of assets under
construction is worth RM864.81 million as at 31 March 2015.
At the point of acquisition, JEP is already an operating
company in the early stages of constructing a power plant. JEP's net loss for
the Financial Year Ended 31 March 2015 is RM119.78 million. As is expected, JEP
has been incurring costs in relation to this construction and will not generate
any revenue until it has achieved its commercial operation date for the first
unit, expected in June 2019.
JEP's paid up capital of a total of RM42 million less
accumulated losses, including the net loss above, up to 31 March 2015 stood at
a deficit of RM77.78 million.
6) Market: Expectations of a resolution to Greece debt
situation should at least bring some calm to the markets next week as we expect
trading activity to dip ahead of the Raya break. CI is likely to continue to
consolidate around current levels.
