KLSE Traders Update and Ideas

Evening Market Wrap - 29 Apr 16

mplus313
Publish date: Fri, 29 Apr 2016, 05:42 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,672.72 pts (-2.04 pts, -0.12%). 
The FBM KLCI traded towards the intra-day low of 1,660.92 pts before closing marginally lower at 1,672.72 pts (-2.04 pts) helped by last minute buying support on Tenaga, Axiata and DIGI. Meanwhile, trading interest were spotted within oversold lower liners like PASDEC (5.5 sen), YKGI (+5.5 sen) and EASTLND (+6.5 sen) after surpassing the SMA200 level. Meanwhile, WTI crude oil prices stood at US$46.37.
 
Top 3 Active stocks:
SKPETRO (5218): RM1.65 (+1.0 sen)
VIVOCOM (0069): RM0.325 (+1.0 sen)
AAX (5238): RM0.340 (-0.5 sen)

Volume: 1.50 bln (3-month avg vol: 1.72 bln) 
Value: RM2.09 bln 
Market Breadth: ⬆:347, ⬇:438
Crude palm oil: RM2,606 (+RM5)
Dow Futures: 17,764 pts (+3 pts) 

Source: Bloomberg, M+ Online


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