FBMKLCI
1603.60pts -10.42pts
(-0.65%) Volume 2.227b Value RM 1.863b
1) The KLCI erased yesterday's gain shrugging off the
stronger US market overnight as stronger oil prices lifted the US stocks ahead
of the anticipated Fed's meeting next week. Region bourses were mixed as the
SHCOMP +0.07%, SZCOMP +0.62% rose while the NIKKEI-0.19%, HSI -0.27%,
STI-1.37%, ASX -0.47% slipped into the red. FINANCE -1.41% index lost the most
grounds today dragged by MAYBANK -1.63%, CIMB -2.44%, PBBANK -1.44% while the
PROPERTY +1.14% names outperformed led by UEMS +15.21% amid talks of M&A as
SUNWAY +1.76%, IGB +1.50% also gained. Market breadth was positive as gainers
beat losers by 462 : 352. Futures closed at 1581pts (22pts discount).
2) Heavyweights :
PBBANK -1.44% RM17.76, MAYBANK -1.63% RM8.41, CIMB -2.44% RM4.78, GENTING
-3.52% RM7.11, GENM -1.41% RM4.19, YTL -1.87% RM1.57, RHBCAP -3.19% RM6.06,
TENAGA +0.89% RM11.22.
3) DBT: LAYHONG 19.865mil @ RM3.05, QUALITY 1.70mil @
RM1.41 (2.93% PUC), APFT 1mil @ RM 0.24
4) Situational:-
KNM +5.20% RM0.505 - KNM Group Bhd's indirect 70%-owned
joint venture company CNI Engineering & Construction Malaysia Sdn Bhd has
been awarded a US$42 million (RM183 million) erection work contract by Toyo
Thai Malaysia Sdn Bhd. The group said the 25-month contract is to undertake
erection work in relation to Petronas' Pengerang Integrated Complex Project.
The scope of supply and work of CNI includes the procurement of consumable
materials and parts, construction works, inspection and test, and documentation
as stated in the contract, which is scheduled to begin this month. KNM expects
the contract to contribute positively to its earnings for the financial years
ending Dec 31, 2016, 2017 and 2018.
5) KKB
Announced that its associate company, OceanMight Sdn. Bhd
has received a Letter of Award from TALISMAN MALAYSIA LIMITED for the
Engineering, Procurement and Construction of Wellhead Platform for Kinabalu
Redevelopment Project. KKB has
additionally received a Notification of Tender Award from Syarikat SESCO Berhad
for the Annual Supply & Delivery of Steel Products and a Letter of Award
from Sarawak Energy Berhad for the Supply, Delivery, Erection, Commissioning of
one (1) unit of 1000 Tonne Fuel Storage tank inclusive of Pipings &
Fittings respectively.
The total estimated amount for the combined TALISMAN,
SESCO & SARAWAK ENERGY projects is approximately worth RM171.1 million
The completion date for TALISMAN is scheduled within the
second quarter of 2017 and for SESCO is scheduled within the third quarter of
2016 and SARAWAK ENERGY is scheduled within the first quarter of 2016.
6) Market - maintain current range hinging on Fed
decision next week as today monetary meeting domestically is expected to be a
non event.