FBMKLCI
1723.73 -20.46pts
(-1.17%) Volume 1.335b Value RM 1.528b
1) The KLCI erased yesterday's gain after bluechips
AXIATA -5.968%, MAXIS -8.47%, TENAGA -2.45% dragged the index -1.17% lower;
this was inline with the weaker US market overnight following a weak set of
economic data. However, regional bourses were positive led by SHCOMP after
Govt's efforts to crackdown short selling of shares boosted sentiments, HSCEI
+0.59%, ASX +0.33% while the HSI closed flat -0.02%. TECHNOLOGY -1.16% index
slumped after JCY -3.26% RM0.74, INARI -1.45% RM3.38, UNISEM -2.28% fell. Market
breadth was negative as losers beat gainers by 549 : 260. Futures closed at
1711 (12.5pts discount).
2) Heavyweights : AXIATA -5.98% RM6.44, MAXIS -8.47%
RM6.59, TENAGA -2.45% RM11.94, CIMB -1.69% RM5.23, UMW -5.97% RM10.08, DIGI
-1.63% RM5.41, MISC +5.39% RM8.20, PBBANK +0.52%.
3) DBT: JETSON 2mil @ RM0.425 (18% premium), ACOSTEC
1.724mil @ RM 0.62 (-6.1% discount),
TGOFF 1.2mil @ RM0.40
4) Situational:-
POS +0.68% RM4.39 - Pos Malaysia Bhd has awarded a
RM40.4m procurement contract to Synergycentric Sdn Bhd to provide optimisation
and enhancement of wide area networks (WAN) services. The solution aims to
develop an up-to-date network solution and service management services which
will fulfil Pos Malaysia's current and future requirements. It said the
contract would be completed within 24 months.
REDTONE -0.69% RM0.71 - REDtone launches CitiAct app for
public to engage with councils: Integrated telecommunications solutions
provider REDtone International Bhd launched its first Internet of Things
application called CitiAct, a new mobile application for the public to engage
with the local councils. With the new app, REDtone said, the public could
report cases and track issues sent to the councils to respond effectively.
5) ALAM
Announce that Workboat International DMCCO, a subsidiary
of ALAM , had entered into Charter Party
Agreement with Allianz Middle East Ship Management LLC, a company incorporated
in United Arab Emirates for the provision of one unit Safety Standby Rescue
Vessel.
The Contract is for the vessel charter of MV Setia Emas,
ALAM's vessel for a primary period of three years with an extension option of
another two years. The Contract, valued at approximately RM40.7 million
(inclusive of extension period).
Although positive, this single contract will not stem the
negative sentiment over the sector as oil prices hit 6mth lows on supply
outlook.
6) Market - KLCI to resume its range bound trading with a
negative bias , trading btw 1740-1680pts levels. Current result season could
trigger further downgrades as most sectors are experiencing a slowdown.