FBMKLCI
1712.30 -4.75pts (-0.28%) Volume 1.692b Value RM1.729b
1) The KLCI fell for a 2nd consecutive day inline with
the weaker global market overnight as oil price tumbled 7% overnight weighing
on energy and oil shares ahead of the Iran nuclear verdict. Regional bourses
were mixed as the China led the region in losses with SHCOMP -1.29%, & HSI
-1.03%, SHZHEN slumped -5.34% HSCEI -3.30% while ASX +1.94% bucked the trend.
Industrial index -1.50% lost the most grounds after PCHEM closed at its day low
while PMETAL -3.06%, DRBHICOM -3.24% closed in the red. Market breadth was
negative with losers edging gainers by 466 : 314. Futures closed at 1693.5pts
(19pts discount).
2) Heavyweights : PCHEM -5.15% RM6.07, SKPETRO -4.14%
RM2.31, AMBANK -2.73% RM5.70, PBBANK -0.42% RM18.72, GENTING -1.23% RM8.03,
MAYBANK -0.43% RM9.15, MISC +2.53% RM8.10, DIGI +1.09% RM5.55.
3) DBT: PMETAL 10mil @ RM2.40, KPOWER 7.055mil @ RM 0.477
(12.51% PUC), MESB 7mil @ RM0.77 (16.66% PUC).
4) Situational:-
PBBANK -0.42% RM18.72 - Public Bank Bhd yesterday signed
a memorandum of understanding with Saitama Resona Bank Ltd and Kinki Osaka Bank
Ltd to cross-sell each other's banking products in Malaysia and Japan. The
business collaborations will further facilitate its customers to benefit from
the potential and established franchise in Saitama Resona Bank, Saitama
Prefecture and Kinki Osaka Bank's home market. Under the MoU, the banks will
leverage upon their respective strengths and expertise, as well as their
respective affiliates to establish and promote to their respective customers
appropriate banking products and services in Malaysia and Japan.
5)AirAsia
AirAsia Berhad wishes to disclose that PT Indonesia
AirAsia ("Indonesia AirAsia") which is a 49% affiliate of AirAsia
Berhad has today received a letter from Indonesia's Ministry of Transport which
specifies that Indonesia AirAsia is to ensure a positive equity position by
31st July 2015.
The letter has no immediate effect on the operations of
Indonesia and the airline shall at all times continue to operate within the
ambit of Indonesian laws.
We are unsure wha the "positive equity
position" terminology constitute at the moment but this further
uncertainty will add further selling pressure to its already battered price.
6) Market - The unresolved Greek issue and mounting
questions on selected domestic issues recently will continue to see investors
sidelined with a wait and see approach attitude.