KLSE Traders Update and Ideas

Evening Market Wrap - 10 May 16

mplus313
Publish date: Tue, 10 May 2016, 06:33 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,635.84 pts (+3.65 pts, +0.22%). 
The FBM KLCI dived almost 18 pts at the opening bell towards an intra-day low of 1,614.40 pts before bargain hunting activities emerged, recouping earlier losses to end in the green territory led by selected Petronas related counters like Petronas Chemical (+31.0 sen) and Petronas Gas (+40.0 sen). Once again, traders were focusing on the steel and metal related segments like Leader Steel (+3.5 sen) and Prestar Resources (+5.5 sen). 
 
Top 3 Active stocks:
AAX (5238): RM0.375 (unch)
VIVOCOM (0069): RM0.345 (unch)
AIRASIA (5099): RM2.05 (-5.0 sen)

Volume: 1.62 bln (3-month avg vol: 1.71 bln) 
Value: RM2.05 bln 
Market Breadth: ⬆:427, ⬇:362
Crude palm oil: RM2,653 (-RM9)
Dow Futures: 17,743 pts (+99 pts) 

Source: Bloomberg, M+ Online

 

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davidkkw79

Evening market Trap ?!

2016-05-10 20:25

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