FBMKLCI
1669.45pts -12.09pts (-0.72%) Volume 2.031b Value RM 2.627b
1) The KLCI traded most of the session in negative
territory with profit taking extending into the afternoon session after the
Federal Reserve held off on raising interest rates sparking concerns over the
health of the global economy. Region mostly trended higher with ASX +0.46%,
SHCOMP +0.42%, HSI +0.3% after data showing China home prices rose for 4th
month in a row whilst NIKKEI -1.96% lagged on a strengthening JPY and heavy
selling in financial stocks. INDUSTRIAL -2.26% saw losses dragged by SIME
-8.79%, BAT -0.79%, MISC -0.35%. Market breadth was positive with gainers
edging losers 482 : 384. Market futures closed at 1663pts (6 pts discount).
2) Heavyweights : SIME -8.79% RM7.37, CIMB -2.54% RM4.98,
PBBANK +0.76% RM18.52, GENTING -2.03% RM7.74, MAYBANK +0.69% RM8.70, IOICORP
-1.94% RM4.04, IHH -0.52% RM5.76, AXIATA -0.79% RM6.24.
3) DBT: JAG
27.0mil @ RM0.01 (2.49% PUC), TROP 7.5mil @ RM0.90 (1.1% discount), CWORKS
7.0mil @ RM0.26 (5.79% PUC @ 25% premium).
4) Situational:-
TALIWRK +5.48% RM3.66 - Company is in talks with Silk
Holdings Bhd to buy Sistem Lingkaran Lebuhraya Kajang Sdn Bhd who is the
concession owner of the 37km Kajang Traffic Dispersal Ring Road. The 33-year
concession ends in 2037. The talks are still at exploratory stage.
5) IJM
IJM Construction Sdn Bhd, a wholly-owned
subsidiaryaccepted the Letter of Award issued by GDP Architects Sdn Bhd on
behalf of Hotel Equatorial (M) Sdn Bhd and Fenghuang Development Sdn Bhd for
Stage 2 Works - Main Building Works for the Proposed Construction of One (1)
Block of 52 Storeys Mixed Commercial Development known as "Equatorial
Plaza", Jalan Sultan Ismail, Kuala Lumpur for a contract sum of RM455.5
million. The construction period of the Project is 36 months.
The Project involves the construction works of the podium
block, office tower and hotel tower and the interior design works for the hotel
tower and hotel outlet.
Positive however the big contract item investors are
looking for from IJM is the MRT 2 above-ground packages, the award of which
should begin in 1H16.
6) Market - The KLCI is expected to consolidate with a
negative bias next week after the strong run up after the PM's announcement.
Rotational play into mid/small is expected to continue as funds position for
the traditional year end/1Q rallies.