FBMKLCI
1677.56pts +13.49pts (+0.81%) Volume
2.799b Value RM 2.259b
1. The
KLCI closed at its day high inline with the stronger US market overnight as it
was boosted by local heavyweights PCHEM, GENTING, CIMB, PPB amid late buying.
Regions were mostly higher as the HSI gained +0.89%, HSCEI +0.42 albeit lower
than usual volume, STI +0.85% and ASX +1.42% after RBA decided to hold rates;
SHCOMP erased earlier gains to close 0.25% as investors waited for more details
on the Beijing 5 year plan. TECHNOLOGY +1.40% index was the outperforming
sector today boosted by INARI +3.95%, JCY +1.26%, D&O +5.26% after the
NASDAQ touched 15 year highs followed by the CONSUMER +1.17% index which found
interest amongst, PPB +3.53%, BAT +2.13%, KAREX +5.93%, QL +0.73%. Market
breadth was positive as gainers beat losers by 520 : 357. Market futures closed
at 1675 (2pts premium).
2)
Heavyweights : PCHEM +3.01% RM6.50, GENTING +2.94% RM7.70, CIMB +1.74% RM4.67,
PPB +3.53% RM15.82, IHH +1.40% RM6.52, MAYBANK +0.48% RM8.31, BAT +2.13%
RM62.30, HLFG ++4.25% RM14.70.
3) DBT
: TADMAX 8.152mil @ RM0.275 (1.83% PUC), KENANGA 5.674mil @ RM0.588, AWC
5.332mil @ RM0.38 (2.05% PUC).
4)
Situational:-
HIBICUS -33.98%
RM0.34 – In its response to the UMA query earlier, Hibiscus Petroleum said that
the company believes that there may be some shareholders who have been subject
to margin calls on shares that have been collateralised and are being asked to
regularise their margin positions.
5) Maybank
Maybank successfully
established a U.S. Commercial Paper . Under the CP Programme, Maybank New York
Branch, may issue, from time to time, Notes up to a maximum aggregate amount
outstanding at any time of USD500 million in nominal value.
The Notes will be offered and sold
in privately negotiated transactions exempt from the registration requirements
of the U.S. Securities Act of 1933 in reliance on Section 3(a)(2) thereof. The
CP Programme is fully supported by a USD500 million direct-pay letter of
credit which was issued by Wells Fargo Bank, N.A. on 2 November 2015,
and has been assigned a Prime-1 rating by Moody’s Investors Service, Inc.
and A-1+ by Standard & Poor’s Ratings Services.
The CP Programme will give Maybank
the flexibility to raise funds via the issuance of commercial papers from time
to time which can be utilised for general corporate purposes.
Maybank IB is the Principal Adviser
while Maybank Kim Eng Securities Pte. Ltd. is the Lead Arranger for the CP
Programme.
6) Market – The rebound is expected
to be capped around the 1700pts which will set the range of btw 1660pts to
1700pts pending any immediate leads which could come from 3Q results reporting
this month.