FBMKLCI
1669.24pts -2.76pts (-0.17%) Volume
1.781b Value RM1.684b
1)
The KLCI closed marginally lower following a weaker Wall St overnight as oil
prices dipped to 7 year lows after OPEC failed to come to an agreement on
production cuts. Regions were mostly lower as NIKKEI -1.04%, HSI -1.34%, SHCOMP
-1.89%, HSCEI -1.40%, ASX -0.91%, STI -0.81% fell after China Trade data
disappointed investors. TECH +0.92% outperformed the market boosted by
UNISEM +5.04%, MPI +3.10%, GTRONIC +0.93% while the INDUSTRIAL -0.55% index
lost the most grounds drag by PETGAS -1.88%, SIME -1.28%, GAB -1.13%. Market
breadth was negative with losers beating gainers by 423 : 393. Futures closed
at 1659.5pts (10pts discount).
2) Heavyweights PETGAS -1.88% RM22.80, SIME -1.28% RM7.71, SKPETRO -1.40% RM2.10, GENTING -0.41% RM 7.20, PBBANK -0.10% RM18.32, AMBANK -0.43% RM4.60, HLBANK +1.23% RM13.14, GENM +0.46% RM4.33.
3)
DBT : MAGNUM 7mil @ RM2.55, TROP 5mil @ RM0.95m, SMRT 4.405mil @ RM0.275,
SUPERLN 2.984mil @ RM1.9947, GTRONIC 1mil @ RM6.38.
4)
Situational:-
INSTACO
+8.92% RM0.305 - Instacom Group Bhd's unit, Vivocom Enterprise Sdn Bhd bagged a
RM116.4m construction contract from CRCC Malaysia Bhd. The contract is for the
provision of construction works for a gated community housing scheme consisting
of semi-detached units, villa mansions, apartment block and housing units under
the Rumah Selangorku scheme, in Bandar Ulu Klang, Gombak, Selangor, said
Instacom. Trading BUY
5)
EDUSPEC
The
company signed a Master Distribution Agreement with CM ASIA LEARNING PTE LTD
whereby the Company grants an exclusive distribution rights within the
Designated Markets and the right to appoint resellers/distributor to distribute
Science Technology Engineering Mathematics (STEM) Education Using Robotics,
Stem Computer Science For Schools Program (STEM CS) and Software Development
Program (SDP) to CM Asia.
The
Company will acquire a (19.35%) of shareholding of the Distributor upon
execution of this Agreement.
CM
ASIA LEARNING PTE LTD. a private limited liability company incorporated
in the Republic of Singapore, principally engaged in the business of marketing
and distributing software solutions.
+ve as this will enable Eduspec leverage on CM Asia to enhance the development of the market and increase the sales of its Product in the Designated Markets, it would be advantageous to co-ordinate its distribution activities with a distributor in the Designated Market territory who possesses a readily available and sales network in the territory.
+ve as this will enable Eduspec leverage on CM Asia to enhance the development of the market and increase the sales of its Product in the Designated Markets, it would be advantageous to co-ordinate its distribution activities with a distributor in the Designated Market territory who possesses a readily available and sales network in the territory.
6)
Market – Sliding commodity prices and impending US rate hike will continue to
exert downward pressure on the KLSE. Remain range bound with a downward bias.