KLSE Traders Update and Ideas

Evening Market Summary - 20 May 2016

mplus313
Publish date: Fri, 20 May 2016, 05:33 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,628.79 pts (-4.97 pts, -0.30%)
The FBM KLCI ended marginally lower as selling pressure were noted on most of the telco heavyweights like AXIATA (-7.0 sen) and DIGI (-12.0 sen) – the latter dropped as Timecom disposed DiGi shares for RM307.2 mln. Meanwhile, exports related counters like Hartalega (+13.0 sen) and Top Glove (+7.0 sen) were traded higher on the back of weaker Ringgit position.
 
Top 3 Active stocks:
AAX (5238): RM0.405 (unch)
XOX (0165): RM0.15 (+1.5 sen)
INIX (0094): RM0.06 (+2.0 sen)

Volume: 1.71 bln (3-month avg vol: 1.73 bln) 
Value: RM1.64 bln 
Market Breadth: ⬆:365 ⬇:408
Crude palm oil: RM2,513 (-RM6)
Dow Futures: 17,481 pts (+66 pts) 

Source: Bloomberg, M+ Online


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