KLSE Traders Update and Ideas

Evening Market Summary - 14 Dec 2015

mplus313
Publish date: Mon, 14 Dec 2015, 06:28 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap – 14 Dec 15: KLCI -10.18 pts (-0.62%) @1,629.96 pts. The FBM KLCI started off the week on a weaker note as more than two thirds of the index heavyweights fell into the negative territory. Meanwhile, the lower liners and other sub-indices on the broader market also were dressed in red, led by losses in Technology and FBM Ace which fell by 2.3% and 2.2%, respectively. On the FBM KLCI, there are 5 advancers, 23 decliners and 2 traded unchanged. WTI Crude oil price stood at US$35.37.

Volume: 1.58 bln (3-month avg vol: 2.18 bln) & Value: 1.59 bln :arrow_up::177, :arrow_down::782 
FCPO -RM32@RM2,409
Dow Futues +93


Active stocks: 
RSENA -2.0sen@RM0.38, XOX -2.5sen@RM0.17, INSTACO -1.0sen@RM0.27,
GENETEC -0.5sen@RM0.27.

Potential stocks:

POHKONG +1.5sen@RM0.57, price is well supported above the EMA 9 level with improved volumes. The MACD Histogram has extended another green bar. Trailing stop loss is located around the EMA 9 level. 

BRAHIMS +5.0sen@RM1.07, price closed above the RM1.04 resistance level. The MACD Histogram has extended another green bar, while the RSI hovers above the 50 level.

Source: Bloomberg, M+ Online

 

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