KLSE Traders Update and Ideas

Evening Market Summary - 12 Oct 2015

mplus313
Publish date: Mon, 12 Oct 2015, 06:51 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

M+Online: KLCI +3.32 pts (+0.19%) @1,709.86 pts. Despite dipping into the negative territory in the morning session, the FBM KLCI managed to close above the 1,700 psychological level with some last minute marginal gains. On the broader market, Technology and Mining sub-indices fell by 0.6% and 0.8%, respectively, while FBM Fledging (-0.1%) was the only lower liners decliners. On the FBM KLCI, there are 15 advancers, 13 decliners and 2 traded unchanged. WTI Crude oil price stood at US$49.89.

Volume: 2.09 bln (3-month avg vol: 1.88 bln) & Value: 2.20 bln, up 430,  down 404
FCPO +RM43@RM2,260/DowFut-7

Active stocks:
AIRASIA +11.0sen@RM1.42, IRIS +4.0sen@RM0.245, INSTACO +0.5sen@RM0.215, KNM +0.5sen@RM0.57

Potential stocks:

TUNEPRO +7.0sen@RM1.41, price experienced a breakout above the RM1.40 level. The MACD Histogram has extended another green bar, while the RSI continues to hover above the 50 level.

SUNSURIA +2.5sen@RM0.86, follow through buying interest was seen above the RM0.835 level. The MACD Histogram has extended another green bar, but the RSI is overbought.

GHLSYS +3.0sen@RM1.13, price remains well supported above the EMA9 level with high volumes. The MACD Histogram has extended another green bar.

Source: Bloomberg, M+ Online

 

 

 

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