FBMKLCI
1685.62pts +8.06pts (+0.48%) Volume
2.671b Value RM 2.465b
1685.62pts +8.06pts (+0.48%) Volume
2.671b Value RM 2.465b
1. The
KLCI traded in a tight 8pts band closing +8pts higher following the stronger US
overnight boosted by energy stocks amid higher oil prices. Regions were higher
led by SHCOMP +4.31% as shares were lifted by speculation that Chinese
authorities will open a trading link between 2 cities by year end, HSI +2.15%,
HSCEI +2.70%, NIKKEI +1.30%, STI +1.35%. TECHNOLOGY +0.73% index continue to
outperform for a 2nd day after global semiconductor sales improved
according to SIA, GTRONIC +2.88%, JCY +1.87%, UNISEM +0.85% gained; PLANTATION
+0.63% index advanced as CPO prices rebounded, gainers were led by KLK +1.14%,
FGV +2.73%, IOICORP +0.46%. Market breadth was positive today with gainers
outpacing losers by 558 : 333. Market Futures closed at 1689.5 (4pts premium)
2)
Heavyweights : SKPETRO +4.63% RM2.26, GENM +2.98% RM4.48, SIME +1.32% RM8.43,
GENTING +1.81% RM7.84, IHH +1.22% RM6.60, MAYBANK +0.48% RM8.35, DIGI -1.32%
RM5.23, BAT -2.37% RM60.82.
3) DBT
: TIGER 5mil @ RM0.09, NICE 2.019mil @ RM0.095, CWORKS 1mil @ RM0.26.
4)
Situational:-
ASUPREM +4.0%
RM0.13 - Astral Supreme Bhd has received a RM80.5m subcontract job to undertake
the main building works under the People’s HousingProgramme in Kota Belud,
Sabah. The electronic product maker, which has begun diversifying into
construction, told Bursa Malaysia that its unit Astral Supreme Construction Sdn
Bhd had received the letter of award (LOA) for the job from Kuasa
5) SAPKENCANA
The company
announced that its wholly-owned subsidiary, SapuraKencana Energy Inc has
secured a Field Development Plan approval from PETRONAS for the SK310 B15
gas field development project. With this approval, SKE will commence the
development phase for this Project and the first gas delivery is targeted for
the fourth quarter of 2017.
The B15 field
which was discovered in December 2010 is located within the SK310 Production
Sharing Contract area, offshore East Malaysia. The development will
comprise a central processing platform with a 35-km gas evacuation pipeline to
be tied into the existing infrastructure. The B15 field is expected to produce
100 MMscfd (million standard cubic feet per day) of hydrocarbon gas for
PETRONAS’ LNG complex in Bintulu, Sarawak.
SKE via
SapuraKencana Energy Sarawak Inc. is the Operator of the SK310 PSC with a 30%
participating interest and partners with PETRONAS Carigali Sdn. Bhd. at
40% and Diamond Energy Sarawak Sdn. Bhd., a subsidiary of Mitsubishi
Corporation at 30%.
6)
Market – Maintain current range of btw 1660-1700pts level with a positive bias
riding of the record setting US market.
