FBMKLCI
1608.43pts -6.58pts
(-0.41%) Volume 1.642b Value RM 1.555b
1) The KLCI started the last week of the 3rd quarter on a
negative note but held steadily above that critical psychological level to
close marginally lower with strong buying pattern in GLC related counters MRCB +6.31%, UEMS +6.03%, SIME +0.54%.
Regional bourses were mixed with STI -1.45%, NIKKEI -1.32%, SHCOMP +0.28% with
HSI closed as investors await China's official Sept PMI and final Caixin/Markit
PMI due this Thursday. CONSTRUCTION +0.75% led gains boosted by IJM +1.27%, WCT
+2.24%, GAMUDA +0.22%, KIMLUN +4.1%. Market breadth was marginally negative
with loser edging gainers 412 : 366. Market futures closed at 1602 (6pts
discount).
2) Heavyweights : AXIATA -0.52% RM5.79, PBBANK -0.68%
RM17.48, GENTING -2.20% RM7.10, CIMB -1.28% RM4.63, BAT -1.81% RM60.80, TENAGA
-0.33% RM12.04, SIME +0.54% RM7.48, TM +0.60% RM6.70.
3) DBT: OMESTI 1.20mil @ RM0.50 (4.76% discount), HIBISCS
830k @ RM0.72 (5.56% premium), YNHPROP 531k @ RM1.82 (1.09% discount).
4) Situational:-
EFFICEN +6.38% RM0.25 - Efficient E-Solutions Bhd, an
electronic business process outsourcing service provider, is disposing of its
entire equity stake in two wholly owned subsidiaries to Canon Singapore Pte Ltd
for RM75.0m, cash, to unlock the value of its investments. The proposed
disposal is expected to result in a one-off gain of RM51.7m or 7 sen per share,
from which it plans to distribute RM12.1m as special cash dividend to reward
its shareholders. The deal is expected to be completed by the end of this year,
after which it intends to distribute the cash dividend to shareholders within
three months.
5) HO HUP
Ho Hup has been awarded a sub-contract to perform the
work of soil improvement under Package 2 of the Petronas' Refinery and
Petrochemical Integrated Development (RAPID) project in Pengerang, Johor for a
contract amount of RM21.6 million by Sinopec Engineering Group Sdn Bhd, the
main contractor of PRPC Refinery and Cracker Sdn Bhd. SEGM is a subsidiary
under Sinopec Group in the Peoples Republic of China (PRC). The Sinopec Group
is the leading oil refining, petrochemical and chemical engineering group in the
PRC.
The construction is expected to commence in October 2015
and will be completed over 4 months.
6) Market : The
KLCI expected to cont its slide towards immediate supp levels of 1600pts levels
with no +ve developments in the immediate horizon with rotation amongst mid cap
plays.