KLSE Traders Update and Ideas

Evening Market Wrap – 6 May 16

mplus313
Publish date: Fri, 06 May 2016, 05:58 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,649.36 pts (+4.27 pts, +0.26%). 
Another last hour buying support on the FBM KLCI boosted the key index into the positive territory, forming a hammer candle near the support of 1,630. Most of the trading interest were focused within the steels or metal-related segments like MYCRON (+2.0 sen) and EMETALL (+7.0 sen). 
 
Top 3 Active stocks:
RA (0110): RM0.01 (-0.5 sen)
AAX (5238): RM0.36 (+2.0 sen)
AWC (7579): RM0.67 (+4.5 sen)

Volume: 1.58 bln (3-month avg vol: 1.69 bln) 
Value: RM1.82 bln 
Market Breadth: ⬆:426, ⬇:346
Crude palm oil: RM2,617 (-RM12)
Dow Futures: 17,562 pts (-12 pts) 

Source: Bloomberg, M+ Online


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