KLSE Traders Update and Ideas

Evening Market Summary - 21 Jul 2016

mplus313
Publish date: Fri, 22 Jul 2016, 08:41 AM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,657.54 pts (-12.07 pts, -0.72%). 

The FBM KLCI violated below the 1,660 support level as selling pressure intensified on the back of the resurfacing of 1MDB news; index heavyweights laggards include GENTING (-35.0 sen), MAYBANK (-10.0 sen) and IHH (-12.0 sen). Market breadth was negative with losers outpacing gainers by 3-to-1 stocks. However, selected oil and gas counters like BARAKAH (+3.0 sen) and ARMADA (+2.0 sen) trended positively on a technical rebound phase. 

Top 3 Active stocks:
SANICHI (0133): RM0.275 (-3.5 sen)
HIAPTEK (5072): RM0.29 (-0.5 sen)

BORNOIL (7036): RM0.19 (-0.5 sen) 

Volume: 1.81 bln (3-month avg vol: 1.63 bln) 
Value: RM1.70 bln 
Market Breadth: ?:202 ?:649
Crude palm oil: RM2,350 (+RM3)

Dow Futures: 18,493 pts (-38 pts) 

Source: Bloomberg, M+ Online


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