Market Roundup | 13 July 2015

 FBMKLCI   1716.11  +0.53pts
(+0.03%)      Volume 1.498b   Value RM1.456b

 

1) The KLCI rebounded to close in positive territory after Greece finally reached an agreement with creditors on the reforms to resolve its debt saga. Regional gained momentum as China extended its winning streak after hundreds of companies resumed trading, HSI  +1.30% also gained after mainland trade data came in better than exp, HSCEI +1.23%, STI +0.96%, NIKKEI +1.57%. Industrial Products index gained the most grounds amongst the sector led by PCHEM +2.41%, PETGAS +0.85%, CMSB +3.83%, VS +10.43%. Market breadth was neutral with even gainers and losers 357 : 360. Futures closed at 1710.5pts (6pts discount).

 

2) Heavyweights : PCHEM +2.41% RM6.35, AMBANK +2.13% RM5.75, PETGAS +0.85% RM21.32, SKPETRO +1.26% RM2.41, CIMB -1.11% RM5.34, TENAGA -0.63% RM12.46, IHH -0.68% RM5.84, TM -0.74% RM6.70.

 

3) DBT: SEAL 5.66mil @ RM0.53 (2.55% PUC), HUPSENG 3mil @ RM1.20, FLBHD 2.715 @ RM1.30.

 

4) Situational:-

UZMA +0.83% RM2.43 - Uzma Bhd's wholly-owned subsidiary company Uzma Engineering Sdn Bhd was awarded a contract by Petronas Carigali Sdn Bhd valued between RM350 to RM400 million. The contract is for the provision of services covering the leasing, operation and maintenance of a water injection facility for the D18 field in Peninsular Malaysia. The company is obligated to deliver the water injection facility by March 31, 2016. The leasing period of the contract is up to five years effective from March 31, 2016.

 

5) GAMUDA

Announce that the Housing Development Board of Singapore accepted the tender submitted jointly by Gamuda with Evia Real Estate (7) Pte Ltd (“Evia”) and Maxdin Pte Ltd (“Maxdin”) to acquire a piece of leasehold land measuring approximately 12,154.6 square meters at the tender price of SGD345.86m via a joint venture company which shall be incorporated on the basis of 50% (Gamuda): 20% (Evia): 30% (Maxdin) (“JVCo”).  

 

The Land is a vacant parcel located in Toa Payoh  with a lease tenure of 99 years, which shall commence on the date of full payment of the tender price. Current type of allowable development on the Land is condominium or flats or with written approval, a combination of flats and strata landed houses