FBMKLCI
1682.37pts +10.21pts (+0.61%) Volume
2.307b Value RM2.347b
1682.37pts +10.21pts (+0.61%) Volume
2.307b Value RM2.347b
1) The KLCI closed at its day high inline with the stronger region
buoyed by buying amongst local heavyweights MAXIS +4.57%, MAYBANK +1.56%,
SKPETRO +4.67%. Regions advanced as NIKKEI +1.34%, HSI +1.75%, SHCOMP +0.32%,
HSCEI +1.61%, ASX +1.93%, STI +0.44%. TECHNOLOGY +1.03% index
outperformed gaining the most grounds today boosted by JCY +6.58%, GTRONIC
+1.88%, UNISEM +1.73% while the PLANTATION -0.32% index lagged behind the rest
dragged by GENP -2.53%, IOICORP -0.69%, KLK -0.69% after CPO prices pared earlier
gains. Market breadth was positive with gainers leading losers by 549 : 296,
Market Futures closed at 1677pts (5pts discount). MYR steady at RM4.2325.
2) Heavyweights : MAXIS +4.57% RM6.86, MAYBANK +1.56% RM8.45,
SKPETRO +4.67% RM2.24, CIMB +1.11% RM4.55, DIGI +1.40% RM5.07, AMBANK +2.83%
RM4.72, IHH +1.26% RM6.42, YTL -2.53% RM1.54.
3) DBT : INARI 12mil @ RM4.185 (1.615 PUC), HUNZPTY 10.5mil
@ RM2.84 (4.20% PUC), EDUSPEC 7mil @ RM0.3093.
4) Situational:-
EG +4.90% RM8.55 - EG Industries Bhd, an electronic
manufacturing services (EMS) company, has secured new orders for box-build
products worth some RM150.0m to be recognised in the financial year ending June
30, 2016 (FY16). EG Industries said box-build entailed undertaking
end-to-manufacturing services, from designing to shipping of completed products
to customers’ end users. Trading BUY.
5) MMC
MMC Corporation entered into a Shareholders Agreement with
Keretapi Tanah Melayu Berhad (“KTMB”), to regulate their rights as shareholders
of a joint venture company to be incorporated, which will jointly identify
potential opportunities and undertake the business of rail freight transport
and related businesses in the rail cargo sector. KTMB will hold 51% and the
balance MMC
The breakdown of the total capital and investment outlay will be
according to the proportion of interest of each party, which may only be
determined when the specific areas within the rail freight transport
and rail cargo sectors are identified.
MMC plans to finance its portion of the investment in the JVC
through internally generated funds and/or borrowings.
Positive as the group now focus on a rail network initiative after
the past two years of M&A consolidation of Port assets.
6) Market – Maintain range bound trading with focus remaining on
the expected rate hike in the US this month.
