KLSE Traders Update and Ideas

Evening Market Summary - 4 Apr 2016

mplus313
Publish date: Mon, 04 Apr 2016, 06:10 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,725.24 pts (+14.69 pts, +0.86%).
Tracking the positive performance on the overnight Dow, buying support resumed after a short profit taking activities last week and the FBM KLCI advanced strongly to end at the intra-day high led by Maybank and Maxis. The key index is likely to retest the immediate resistance of 1,730 over the near term. Meanwhile, support will be located around the 1,700 level.
 
Top 3 Active stocks:
VIVOCOM (0069): RM0.30 (+2 sen)
AIRASIA (5099): RM1.93 (+10 sen)
BORNOIL (7036): RM0.15 (unch)

Volume: 1.50 bln (3-month avg vol: 1.81 bln)
Value: RM1.73 bln
Market Breadth: ⬆:460, ⬇:335
Crude palm oil: RM2,765 (+RM17)
Dow Futures: 17,730 pts (+23 pts)  
    
Source: Bloomberg, M+ Online

 

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