Market Roundup | 7 December 2015

 FBMKLCI 
1672.00pts   +4.13pts (0.25%)    Volume
1.788b   Value RM1.741b

 

1) The KLCI traded in positive territory thruout the session inline with the firmer region as the stronger US market boosted sentiments following better jobs data ahead of the rate hike decision next week. Regions were mostly higher with the NIKKEI +0.99%, SHCOMP +0.34%, STI +0.76% while the HSI -0.15% & ASX was flat +0.08%. TECHNOLOGY +1.92% index gained the most grounds amongst the sectors boosted by INARI +6.36%, MPI +2.82%, GTRONIC +1.41% and JCY +1.14%. Market breadth was positive with gainers leading losers by 460: 359. Market Futures closed at 1667.5pts (4.5pts discount). MYR: RM4.2156.

2) Heavyweights SIME +1.16% RM7.81, KLK +1.79% RM22.74, TENAGA +0.44% RM13.46, MAYBANK +0.47% RM8.41, PBBANK +0.32% RM18.34, YTL +1.98% RM1.54, HLBANK +1.40% RM12.98, MAXIS -0.75% RM6.60.

 

3) DBT: SYCAL 15.382mil @ RM0.27 (4.80% PUC @ 35% PUC), HUNZPTY 10.50mil @ RM2.845 (4.20% PUC), TNLOGIS 4mil @ RM1.40,  

 

4) Situational:-

TRC +3.75% RM0.415 - TRC Synergy Bhd's wholly-owned unit, TRC Land Sdn Bhd, has been appointed as the developer for 1Malaysia Civil Servant Housing Development (PPA1M) programme by Perbadanan Putrajaya, and has secured a project with a gross development cost of RM292.7m. TRC Synergy said the project consisted of 500 PPA1M residential units, 316 public residential units and 20 commercial units to be developed in Precinct 18, Putrajaya.

 

5) CBIP

CBIP announced that Modipalm Engineering Sdn. Bhd., a wholly-owned subsidiary of the Company, has received the Letter of Award from P.T. Ichtiar Gusti Pudi, a subsidiary of Ahmad Zaki Resources Berhad for the supply of one Continuous Sterilization palm oil mill of capacity 60 tons per hour at Kabupaten Landak, Kecamatan Ngabang, Kalimantan Barat for a total: consideration of RM51m. +ve

 

6) Market – In line with most markets we are expecting trading activity to progressively slow as we wind down the year. With no domestic economic events in the immediate horizon, the market will continue to take its que from the developed markets especially the US ahead of the FOMC on Dec 16.