KLSE Traders Update and Ideas

Evening Market Summary - 19 Aug 2016

mplus313
Publish date: Fri, 19 Aug 2016, 05:49 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,687.68 pts (-7.19 pts, -0.42%). 

Despite the overnight Dow ended on a positive note, the FBM KLCI closed in the negative territory led by telco and banking heavyweights; AXIATA, DIGI and MAXIS fell 14.0 sen, 3.0 sen and 7.0 sen respectively. Overall broader market was overwhelmed by profit taking activities over the recent run-up and market breadth turned negative. However, selected government-linked companies like FGV (+7.0 sen) and DRBHCOM (+12.0 sen) trended positively throughout the day.

Top 3 Active stocks:
M3TECH (0017): RM0.135 (-1.5 sen)
BORNOIL (7036): RM0.185 (-0.5 sen) 

AAX (5238): RM0.465 (-1.0 sen)

Volume: 2.20 bln (3-month avg vol: 1.74 bln) 
Value: RM 1.70 bln 
Market Breadth: ?:319 ?:523
Crude palm oil: RM2,607 (+RM31)

Dow Futures: 18,508 pts (-57 pts) 

Source: Bloomberg, M+ Online


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