KLSE Traders Update and Ideas

Evening Market Summary - 23 Aug 2016

mplus313
Publish date: Wed, 24 Aug 2016, 08:37 AM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,683.07 pts (-8.00 pts, -0.47%). 

Tracking the mixed sentiments on the overseas stockmarkets, the FBMKLCI ended in the negative zone as selling pressure re-emerged - the key index traded nearer towards the support of 1,680 led by SIME (-34.0 sen), AXIATA (-12.0 sen) and GENM (-9.0 sen). Market breadth continues to stay negative with losers overwhelmed gainers by 579-to-263 stocks. Nevertheless, selected construction stocks like MMCCORP (+9.0 sen) and GKENT (+8.0 sen) were traded positively.

Top 3 Active stocks:
AAX (5238): RM0.46 (-1.0 sen)
IRIS (0010): RM0.175 (-2.0 sen)

DNEX (4456): RM0.25 (+0.5 sen) 

Volume: 1.84 bln (3-month avg vol: 1.75 bln) 
Value: RM 1.74 bln 
Market Breadth: ?:263 ?:579
Crude palm oil: RM2,566 (+RM23)

Dow Futures: 18,550 pts (+31 pts) 

Source: Bloomberg, M+ Online


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