FBMKLCI
1663.20pts -2.12pts (-0.13%) Volume
2.137b Value RM 1.846b
1663.20pts -2.12pts (-0.13%) Volume
2.137b Value RM 1.846b
The
KLCI closed in negative territory after a choppy session, inline with the
weaker US market overnight as investors weigh the odds of a possible rate hike
in Dec following stronger jobs report last Friday. Regions were mostly mixed as
the HSI +2.40%, HSCEI +1.59% gained, while SHCOMP -0.48%, STI -0.76% fell into
the red. PLANTATION -1.22% stocks lost the most grounds today weighed by heavyweights
IOICORP -3.50%, KLK -1.82%, GENP -0.19% while the FINANCE +0.46% index
outperformed buoyed by buying amongst MAYBANK +1.70%, PBBANK +0.78%, HLBANK
+1.16%. Market breadth was positive with gainers inching losers by 476 : 409.
Market Futures closed at 1652 (11pts discount).
2)
Heavyweights : IOICORP -3.50% RM4.13, PPB -2.66% RM15.32, KLK -1.82% RM22.54,
PETDAG -2.74% RM23.42, SKPETRO -2.30% RM2.12, AMBANK -1.73% RM4.54, MAYBANK
+1.70% RM8.36, PBBANK +0.78% RM17.96.
3) DBT
: YEN 12mil @ RM 0.305 (9.6% PUC), OCK 7.5mil @ RM0.78 (1.42% PUC @ 3.8%
discount), CMMT 6.188mil @ RM1.385, SCABLE 2.5mil @ RM1.55
4)
Situational:-
DOLPHIN
+1.85% RM0.825 - Dolphin International Bhd, which made its listing debut five
months ago, has proposed to undertake a bonus issue of 55.5m warrants on the
basis of one free warrant for every four existing Dolphin shares. The company,
which provides mechanical and engineering solutions for automating palm oil
mill processes, said that each warrant would entitle the holder to subscribe
for a new Dolphin share at an exercise price to be later fixed -- not lower
than the 20.0-sen par value of Doplhin shares -- during a five-year exercise
period.
5) STEMLIFE
The company
recieved a notice of conditional mandatory take-over offer from CGL
in respect of the Offeror’s obligation to undertake a take-over offer to
acquire all the remaining ordinary shares of RM0.10 each in
StemLife not already owned by the Offeror for a cash offer price of
RM0.45 per Offer Share. The Board will hold a Board meeting to deliberate
the Offer and make an announcement in due course. The Notice will be posted to
the holders of the Offer Shares within seven days of its receipt. The
offer represents a 5.9% premium over today’s closing price and 20% the 3mth
VWAP.
6)
Market – Investors will continue to thread cautiously ahead of the expected
rate hike in the US next month with focus firmly on exporting companies who
continue to enjoy the added margins from gains on forex.
