KLSE Traders Update and Ideas

Evening Market Summary - 18 Aug 2016

mplus313
Publish date: Thu, 18 Aug 2016, 05:59 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,694.87 pts (+0.55 pts, +0.03%). 

Tracking the positive performance on the overnight Dow, the FBM KLCI ended marginally higher on the back of a last minute push, after the FBM KLCI being traded in the negative territory most of time throughout the trading session. On the FBM KLCI, there were 13 advancers, 7 decliners and 10 trade unchanged. Meanwhile, on the broader market, the market breadth is negative as lower liners and small caps experienced another round of profit taking activities. Nevertheless, selected stocks which have better-than-expected quarterly earnings such as CSCENIC (+7.0 sen) and AHEALTH (+18.0 sen) were under the limelight. 

Top 3 Active stocks:
AAX (5238): RM0.475 (+1.5 sen)
VIVOCOM (0069): RM0.31 (+1.5 sen)

BORNOIL (7036): RM0.19 (unch) 

Volume: 2.85 bln (3-month avg vol: 1.74 bln) 
Value: RM 1.99 bln 
Market Breadth: ?:384 ?:439
Crude palm oil: RM2,579 (-RM64)

Dow Futures: 18,546 pts (+5 pts) 

Source: Bloomberg, M+ Online


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