KLSE Traders Update and Ideas

Evening Market Wrap – 4 May 16

mplus313
Publish date: Wed, 04 May 2016, 05:59 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,657.58 pts (+6.14 pts, +0.37%). 
Finally, the FBM KLCI snapped the seven-day losing streak and ended in the positive territory. The key index rebounded near the support of the 1,630 level and formed a technical rebound towards the 1,660 level. Overall, traders were scooping up shares that were oversold like Globetronics (+27.0 sen) and British American Tobacco (+RM3.80). Lower liners like Gabungan AQRS (+6.0 sen) and JHM Consolidation (+4.5 sen) noticed a strong breakout formation. 
 
Top 3 Active stocks:
VIVOCOM (0069): RM0.345 (+0.5 sen)
SKPETRO (5218): RM1.59 (-5.0 sen)
AAX (5238): RM0.345 (+1.5 sen)

Volume: 1.70 bln (3-month avg vol: 1.70 bln) 
Value: RM2.13 bln 
Market Breadth: ⬆:483, ⬇:342
Crude palm oil: RM2,617 (+RM78)
​​​​​​​Dow Futures: 17,618 pts (-55 pts) 

Source: Bloomberg, M+ Online


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