FBM KLCI: 1,614.90 pts (-13.06 pts, -0.80%).
After a short and mild rebound yesterday, selling pressure resumed on the FBM KLCI and the key index was pushed below the 1,620 level. The broader market was weak as market breadth was negative with losers outpacing gainers by 591 – to-195 stocks. Nevertheless, selected stocks with uptrend intact formation like TGUAN (+10.0 sen), ACOSTEC (+1.0 sen) and TADMAX (+4.0 sen) were being traded higher.
Top 3 Active stocks:
TRIVE (0118): RM0.08 (-0.5 sen)
SKPETRO (5218): RM1.43 (-9.0 sen)
OCR (7071): RM0.48 (-0.5 sen)
Volume: 1.57 bln (3-month avg vol: 1.71 bln)
Value: RM1.55 bln
Market Breadth: ?:195 ?:591
Crude palm oil: RM2,419 (-RM41)
Dow Futures: 17,500 pts (-52 pts)
Source: Bloomberg, M+ Online
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