FBMKLCI
1646.59pts +18.79pts
(+1.15%) Volume 1.914b Value RM 1.860b
1) The KLCI rose +1.15% today driven by continuous buying
amongst the heavyweights, PBBANK +2.13%, MAYBANK +1.77%, AXIATA +2.93%
following the stronger US market over the weekend as weaker than expected jobs
data delays prospects of an imminent Fed rate hike. Region bourses were mostly
higher led by the ASX +1.95% helped by
mining and energy stocks, HSI +1.62%, NIKKEI +1.58%, STI +1.75%, KOSPI +0.44%
also gained. CONSTRUCTION +1.19% names continue to trend higher today ahead of
the 2016 budget later this month namely, GAMUDA +1.80%, MUHIBAH +5.00%, SENDAI
+3.94%. Market breadth was positive as gainers outpaced losers by 601 : 236.
Market futures closed at 1639 (7pts
discount).
2) Heavyweights :
PBBANK +2.13% RM18.18, MAYBANK +1.77% RM8.60, AXIATA +2.93% RM5.97, DIGI +3.24%
RM5.73, GENM +3.89% RM4.27, PETGAS +1.63% RM22.40, MAXIS +1.52% RM6.65, YTL
+3.35% RM1.54.
3) DBT : IDMENSN
6.69mil @ RM0.1074, EKIB 3.075mil @ RM0.75 (3.34% PUC), YEN 1.42mil @
RM0.10
4) Situational:-
TRC +7.46% RM0.36 - TRC Synergy Bhd's unit has secured a
RM61.58mil contract to repair and maintain the access roads and slopes for the
Sabah Sarawak gas pipeline project. It said on Monday Trans Resources
Corporation Sdn Bhd was awarded the contract from Petronas Carigali Sdn Bhd
which would be for two years until September 2017. TRC said there was an option to extend for an
additional one year until September 2018.
5) WCT
WCT announced that it has accepted a Letter of Award from
1MDB Real Estate Sdn. Bhd. for the proposed earthworks for Lifestyle Quarter
for Phase 1 of "Cadangan Pembangunan Bercampur "Kuala Lumpur
International Financial District". The Contract sum is RM70.4m generally
consisting of earthworks, rock probing and grouting works.
The works under the Contract shall be completed by
November 2016. This bring total contract win this year to RM1.06bn.
6) Market - Global equity markets continue to be data
driven with the latest weak set of US employment data likely to delay its rate
hike till later giving particularly EM some room to bounce however we do not
expect this trend to be maintained with the immediate resistance of 1658pts.