Thursday, November 12, 2015

Market Roundup | 6 November 2015


FBMKLCI 
1685.70pts   -2.84%pts (-0.17%)    Volume
2.275b   Value RM 2.020b

 

1) The KLCI closed lower at auction after trading in the green for most of the day ahead of important US Jobs report tonight. Regions were mostly mixed as the SHCOMP +1.91%, NIKKEI +0.78%, ASX +0.42% were marginally higher while the STI -0.40%, HSCEI -0.58%, HSI -0.80% fell. PROPERTY +0.48% gained momentum in the 2h led by UEMS +3.05%, MRCB +4.22%, MATRIX +4.09% while selective rotational names saw a pick up buying, namely KAREX +3.47%, MYEG +12.75%, ASIAFLE +12.04%, IBRACO +13.33%. Market breadth was positive as gainers beat losers by 500 : 388. Market Futures closed at 1686.5 (1pt discount).

 

2) Heavyweights : TENAGA -0.75% RM13.10, IHH -1.21% RM6.50, GENM -1.35% RM4.38, MAYBANK -0.35% RM8.35, DIGI +0.38% RM5.19, PETDAG +2.66% RM23.16, MISC +1.09% RM9.23, PBBANK +0.22% RM18.24.

 

3) DBT : BJCORP 50mil @ RM0.40 (1.14% PUC), BIOHLDG 5mil @ RM0.30 (1.07% PUC), EDEN 3mil @ RM0.18.

 

4) Situational:-

UOADEV -0.47% RM2.11 - Resodex Construction Sdn. Bhd, a wholly owned subsidiary of UOA Development Bhd had on 5 November 2015 been awarded a construction contract as the Main Contractor for the proposed development, Setapak V by Nova Metro Development Sdn. Bhd, a subsidiary in which UOA Development holds 84.0% equity interest, for a total contract value of up to RM103.9.

 

5) BNM

 Bank Negara Malaysia today announced that its international reserves stood at RM417.9 billion, or equivalent to US$94.0 billion, as at Oct 30, 2015.The reserves position is sufficient to finance 8.7 months of retained imports and is 1.2 times the short-term external debt.

The reserves for the last 3 months have stabilised around the USD94bn after falling for the most part of this year.

 

6) Market – Maintain range bound trading btw 1660pts -1700pts especially ahead of the holiday interrupted week ahead for Deepavali.