FBMKLCI
1673.92pts -2.85pts (-0.17%) Volume
2.04b Value RM1.837b
1673.92pts -2.85pts (-0.17%) Volume
2.04b Value RM1.837b
1) The KLCI languished in negative territory thruout the day
weighed by banking names following the weaker US market overnight after oil
prices dipped to 6 year lows. Select regions recovered however overall remained mixed today as the HSI
-0.28%, HSCEI -0.62%, ASX -0.58%, while the SHCOMP +1.35%, STI +0.10% closed in
the green. FINANCE -0.50% index lost the most grounds today weighed by HLBANK
-2.55%, MAYBANK -0.59%, RHBCAP -1.33% while the CONSTRUCTION +0.24% index
outperformed helped by IJM +0.89%, SUNCON +1.40%, KIMLUN +4.54%. Market breadth
was negative with losers beating gainers by 525 : 306. Market Futures closed at
1669pts (4pts discount). MYR strengthened to RM4.2230.
2) Heavyweights : MAYBANK -0.59% RM8.36, HLBANK -2.55% RM12.98,
PCHEM -0.73% RM6.73, PPB -1.27% RM15.48, SKPETRO -1.37% RM2.16, ASTRO -1.37%
RM2.86, PETGAS +1.30% RM23.30, CIMB +0.44% RM4.55.
3) DBT : WTHORSE 13mil @ RM2.30 (5.41% PUC), KRETAM 5mil @ RM0.10,
TMS 2.568mil @ RM0.095
4) Situational:-
UEMS -1.75% RM1.12 - High-profile Malaysian property developer,
UEM Sunrise Bhd, on Thursday signed an agreement with Ascendas Hospitality
Trust to sell the serviced apartment at the newly launched Aurora
Melbourne Central in LaTrobe Street for A$120 million (RM370.9 million).
5)
MRCB
MRCB
announce that its wholly-owned subsidiary, 348 Sentral has today entered into a
Heads of Agreement with Maybank Trustees BHd, acting as trustee for MQ
REIT for the disposal of a 33-storey office tower known as “Menara Shell”
together with a 5-storey podium and 4-storey basement car park on Jalan
Tun Sambanthan, for a purchase consideration of RM640 million.
The
purchase consideration of RM640 million for the Proposed Disposal is based on
the valuation of the Menara Shell appraised by an independent valuer appointed
by MRCB, namely C H Williams Talhar & Wong Sdn Bhd. and will be satisfied
by MQ REIT via a combination of cash and issuance of new units in MQ REIT.
+ve
as MRCB degears its balance sheet to concentrate on the substantial property
development contracts at hand
6)
Market – Outlook remains unchanged with EM to continue to underperform ahead of
the expect US rate hike and sliding commodity prices.
