Monday, July 6, 2015

Market Roundup | 2 July 2015

FBMKLCI   1733.88   +5.92  (+0.34%)      Volume 1.457b   Value RM1.853b
 
1) The KLCI extended its winning streak inline with the stronger Wall st overnight as investors look beyond the prolonged Greece debt saga and focus on the US economic data. Regional bourses were mixed as the SHCOMP fell sharp despite regulators efforts to support the weak market, HSCEI -1.51%, STI -0.10% while the ASX +1.53%, NIKKEI +0.95% and HSI +0.12% closed in the green. PLANTATION index gained the most points boosted by heavyweights , KLK +2.57%, IOICORP +1.93%, GENP +2.30%, UTDPLT +1.72% while FRONTKN +5.76%, JAKS +6.87%, SEDANIA +7.14% led the list of the most active gainers. Market breadth was neutral with even gainers and losers 388 : 351. Futures closed at 1729.5 (4pts discount).
 
2) Heavyweights : MAYBANK +1.30% RM9.29, KLK +2.57% RM22.30, IOICORP +1.93% RM4.22, GENTING +1.35% RM8.21, HLBANK +1.93% RM13.68, MAXIS -1.84% RM6.37, TENAGA -0.62% RM12.66, DIGI -0.90% RM5.48.
 
3) DBT: PERDANA 42.965mil @ RM1.55 (5.74% PUC @ 1.3% premium), GBGAQRS 6mil @ RM1.13 (1.53% PUC), JAKS 5mil @ RM0.74 (1.14% PUC @ 13.5% discount).
 
4) Situational:-
TIMECOM +2.19% RM7.00 - Share price rose to high of RM7.43 before closing at RM7.00 after it announced a special interim tax exempt (single tier) dividend of 73.50 sen per ordinary share of 50 sen each for the financial year ending Dec 31, 2015. Recall that TdC disposed 68.7m DiGi shares in two tranches earlier this year at an average price of RM6.17 per share. Total distribution amounts to circa RM421.9m, representing almost 100% of the disposal proceeds.
 
5) BINTULU PORT
Samalaju Industrial Port Sdn. Bhd.  a wholly-owned subsidiary of Bintulu Port Holdings Berhad has issued the Letter of Acceptance to Senari Machinery Sdn. Bhd for the Design, Construction, Delivery, Installation, Testing and Commissioning of Three (3) Units Level Luffing Crane (LL) Complete With Hopper & Conveyor Belt Feeder to Samalaju Industrial Port Sdn. Bhd.
 
The Contract Sum is for Ringgit Malaysia: Thirty Eight Million Eighty Thousand Two Hundred and Ninety.  The duration for this contract shall be fourteen months from the date of Notice to Commence Works.
 
6) Market: The KLCI is unlikely to add significantly to the past few days gains ahead as uncertainties remain over Greece referendum over the weekend. Any attempt to breach above the immediate resistance of 1735pts lvls is likely only after a compromise for this problem is reached.