KLSE Traders Update and Ideas

Evening Market Summary - 18 May 2016

mplus313
Publish date: Wed, 18 May 2016, 07:51 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,635.72 pts (+2.33 pts, +0.14%).
Despite enduring a sharp selling pressure at the start of the trading bell, quick bargain hunting sent the FBM KLCI to extend its gains for the second straight session. The key index continues to trend above 1,630 level, anchored by gains in BAT (+RM1.08) and DiGi (+18.0 sen). The lower liners, however, ended in the negative with the FBM ACE (-2.3%) took the heaviest beating, owing to the weakness in MICROLN (-10.0 sen) and TEXCYCL (-5.0 sen).
 
Top 3 Active stocks:
AAX (5238): RM0.40 (-1.0 sen)
SALUTE (0183): RM0.825 (+2.5 sen)
VIVOCOM (0069): RM0.32 (-1.0 sen)

Volume: 1.88 bln (3-month avg vol: 1.73 bln) 
Value: RM1.99 bln 
Market Breadth: ⬆:302, ⬇:518
Crude palm oil: RM2,548 (-RM52)
Dow Futures: 17,484 pts (-5 pts) 

Source: Bloomberg, M+ Online


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