KLSE Traders Update and Ideas

Evening Market Summary - 11 May 2016

mplus313
Publish date: Wed, 11 May 2016, 07:32 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,644.58 pts (+8.74 pts, +0.53%). 
Following the hammer candle that formed above the 1,614 level, further buying interest was noted above the support of 1,630 led by selected telcos heavyweights like AXIATA (+10.0 sen) and MAXIS (+10.0 sen). Most of the active gainers are among the ACE market stocks like VIVOCOM (+1.0 sen) and MTOUCHE (+0.5 sen). 
 
Top 3 Active stocks:
VIVOCOM (0069): RM0.355 (+1.0 sen)
AAX (5238): RM0.38 (+0.5 sen)
AIRASIA (5099): RM2.16 (+11.0 sen)

Volume: 1.67 bln (3-month avg vol: 1.71 bln) 
Value: RM1.89 bln 
Market Breadth: ⬆:467, ⬇:359
Crude palm oil: RM2,683 (+RM22)
Dow Futures: 17,802 pts (-51 pts) 

Source: Bloomberg, M+ Online


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