KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Tue, 13 Oct 2020, 5:16 PM


Evening Market Summary - 17 Sept 2020

Author:   |    Publish date:

FBM KLCI: 1,513.07 pts (-18.21pts, -1.19%)

The FBM KLCI (-1.2%) snapped a three-day losing streak, mirroring the weakness across regional peers after the US Federal Reserve painted a grim economic outlook with interest rate likely to remain low till 2023. Market breadth turned negative as losers overpowered gainers on a ratio of 2-to-1 stocks. The broader market was mostly negative with the healthcare sector (-3.1%) taking the heaviest beating on weakness from Supermax (-65.0 sen) Top Glove (-64.0 sen) and Adventa (-36.0 sen).

Top 3 Active stocks:
EKOVEST (8877): RM0.58 (unch)
TOPGLOV (7113): RM7.79 (-64.0 sen)
GPA (7096): RM0.195 (-2.0 sen)

Volume: 7.53 bln (100-day avg vol: 9.15 bln)
Value: RM6.20 bln
Market Breadth: ⬆:376 ⬇:768
Crude palm oil: RM2,992 (+RM83) 
Dow Futures: 27,687 pts (-250 pts)

Source: Bloomberg, M+ Online


The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.

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Related Stocks

Chart Stock Name Last Change Volume 
EKOVEST 0.50 -0.01 (1.96%) 6,060,200 
TOPGLOV 6.99 -0.06 (0.85%) 34,488,700 
GPA 0.17 0.00 (0.00%) 26,135,800 

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