KLSE Traders Update and Ideas

Evening Market Summary - 8 Jun 2016

mplus313
Publish date: Wed, 08 Jun 2016, 06:11 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,657.85 pts (-2.77 pts, -0.17%). 
After the FBM KLCI revisited the resistance of the 1,660 level on the technical rebound phase yesterday, the key index took a pause and digested some gains led by mild profit taking activities within the index heavyweights; Maybank and IHH slipped 12.0 sen and 6.0 sen respectively, while BAT lost RM1.60. Meanwhile, recycling theme stocks were gaining some attention - Texcycle added 4.0 sen and Brite-Tech rose 5.0 sen.
 
Top 3 Active stocks:
M3TECH (0017): RM0.135 (-10.5 sen)
SUMATEC (1201): RM0.11 (unch)
ARMADA (5210): RM0.74 (+3.0 sen) 

Volume: 1.77 bln (3-month avg vol: 1.72 bln) 
Value: RM1.78 bln 
Market Breadth: ⬆:355 ⬇:445
Crude palm oil: RM2,583 (-RM16)
Dow Futures: 17,942 pts (+9 pts) 

Source: Bloomberg, M+ Online


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