FBMKLCI
1706.79pts -4.14pts (-0.24%) Volume
1.907b Value RM 1.802b
1706.79pts -4.14pts (-0.24%) Volume
1.907b Value RM 1.802b
1) The
KLCI trended lower today ignoring stronger global market over the weekend spurred by anticipation of additional stimulus
by the ECB. Regionally also mostly higher aided by a surprise cut in Chinese interest rate & RRR boosted
stocks in NIKKEI +0.65%, SHCOMP +0.50%, STI+0.54% while the HSI -0.15%, ASX
-0.07% ebbed after reaching its day high. Broad market faced profit
taking as the TECHNOLOGY -1.30% index led in losses weighed by recent gainers
UNISEM -5.17%, INARI -1.62%, GTRONIC -2.04%. Market breadth was negative as
losers led gainers by 466 : 402. Market futures closed at 1708pts (1pt
premium).
2)
Heavyweights : DIGI -1.77% RM5.53, PETGAS -1.35% RM23.28, PCHEM -1.23% RM6.38,
TENAGA -0.31% RM12.76, MAXIS -0.74% RM6.70, PBBANK -0.21% RM18.60, MAYBANK
-0.23% RM8.57, IOICORP +2.76% RM4.46.
3) DBT
: RSAWIT 140mil @ RM0.50 (9.87%PUC), CARING 27.777mil @ RM2.08 (12.75% PUC),
KLCC 5.971mil @ RM7.03.
4)
Situational:-
GADANG +2.74%
RM1.50 - Gadang Holdings Bhd has clinched a RM375.1m contract from Petroliam
Nasional Bhd’s (Petronas) subsidiary PRPC Utilities and Facilities Sdn Bhd. The
property and construction player told Bursa Malaysia that the letter of award
given to its unit Gadang Engineering Sdn Bhd was to undertake a project known
as - Utilities, interconnecting, offsite (U10) facilities: Procurement,
construction and commissioning of civil and infrastructure works at
interconnecting sleepers amd utilities area 2 (Package 14-0301) at Pengerang,
Johor.
5) Nestle
Nestlé
has invested approximately CHF 87 million (RM 378 million) in a new beverages
factory and noodle line in Malaysia. Both facilities are located in Nestlé’s
largest manufacturing site in Shah Alam. The new factory, which cost CHF 66
million (RM 288 million), is Nestlé’s eighth in Malaysia. It will produce
Ready-To-Drink products, including Milo,
Nestlé has also invested around CHF 21 million (RM 90 million) in a
new high-capacity noodle line to produce Maggi Curry
Noodles.
Over
the past two years, Nestlé has invested more than CHF 137 (RM 600 million) as
part of its long-term growth strategy in Malaysia.
6) Market – Cont easing stance by global central banks should
see markets in general continue to be supported by the availability of
liquidity however Msia could cont to lose out on foreign flows given the on
going 1MDB saga. The bright spot however to look forward to could come when
Valuecap begins its investment in undervalued GLCs beginning end Nov.
