KLSE Traders Update and Ideas

Evening Market Wrap – 9 May 16

mplus313
Publish date: Mon, 09 May 2016, 06:43 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,632.19 pts (-17.17 pts, -1.04%). 
Soon after the FBM KLCI traded into the positive territory after the opening bell, the key index succumbed to further selling pressure led by MISC (-RM1.09), Petronas Chemical (-30.0 sen) and Petronas Gas (-70.0 sen). Also, traders were being cautious ahead of the next 1MDB bond payment on 11th May.  Meanwhile, steel or metal related counters were traded actively into the positive region like MYCRON (+10.0 sen) and ARANK (+3.0 sen).
 
Top 3 Active stocks:
AAX (5238): RM0.375 (+1.5 sen)
VIVOCOM (0069): RM0.345 (+1.0 sen)
AIRASIA (5099): RM2.10 (+8.0 sen)

Volume: 1.69 bln (3-month avg vol: 1.71 bln) 
Value: RM1.55 bln 
Market Breadth: ⬆:336, ⬇:484
Crude palm oil: RM2,668 (+RM40)
Dow Futures: 17,710 pts (+39 pts) 

Source: Bloomberg, M+ Online


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