KLSE Traders Update and Ideas

Evening Market Summary - 24 May 2016

mplus313
Publish date: Tue, 24 May 2016, 10:43 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,625.84 pts (-9.05 pts, -0.55%) 
Tracking the mixed sentiments from the overnight Wall Street, the FBM KLCI noted some selling pressure among selected banking heavyweights like Maybank (-16.0 sen), CIMB (-6.0 sen) and Public Bank (-10.0 sen). Also, Ringgit traded around the RM4.12 level, which was weaker compared to the RM3.90 level in the past month. Market breadth was negative with the decliners outpaced advancers on a ratio of 456-to-327 stocks. 
 
Top 3 Active stocks:
AAX (5238): RM0.40 (+1.0 sen)
XOX (0165): RM0.16 (-0.5 sen)
VSOLAR (0066): RM0.10 (+1.5 sen)

Volume: 1.72 bln (3-month avg vol: 1.73 bln) 
Value: RM1.78 bln 
Market Breadth: ⬆:327 ⬇:456
Crude palm oil: RM2,510 (+RM18)
Dow Futures: 17,516 pts (+47 pts) 

Source: Bloomberg, M+ Online


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