KLSE Traders Update and Ideas

Evening Market Summary - 16 Jun 2016

mplus313
Publish date: Thu, 16 Jun 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: 1,614.90 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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