KLSE Traders Update and Ideas

Evening Market Summary - 5 Aug 2016

mplus313
Publish date: Fri, 05 Aug 2016, 05:52 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,664.04 pts (+8.75 pts, +0.53%). 

The FBM KLCI rebounded above the 1,660 level as buying interest picked up among selected plantations heavyweights like IOICORP (+22.0 sen) and PPB (+28.0 sen) on the back of recovering CPO price above the RM2,400 level. Market sentiments were positive as market breadth turned positive with advancers led gainers by a ratio of 4-to-3. Meanwhile, MBSB surged higher as buying interest gained momentum after EPF acquired 1.9 bln shares on 29th of July. Other positive active counters include DSONIC (+5.0 sen) and YONGTAI (+6.0 sen).

Top 3 Active stocks:
MBSB (1171): RM0.845 (+6.5 sen)
THHEAVY (7206): RM0.19 (-1.0 sen)

DGSB (0131): RM0.035 (+1.0 sen) 


Volume: 2.17 bln (3-month avg vol: 1.63 bln) 
Value: RM 1.95 bln 
Market Breadth: ?:444 ?:332
Crude palm oil: RM2,412 (-RM32)

 

Dow Futures: 18,273 pts (+4 pts) 

 

Source: Bloomberg, M+ Online


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