KLSE Traders Update and Ideas

Evening Market Summary - 24 Aug 2016

mplus313
Publish date: Wed, 24 Aug 2016, 06:06 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,682.06 pts (-1.01 pts, -0.06%).
As foreign funds were net sellers yesterday, the FBM KLCI continues to take the negative path for today led by intensified selling activities in IHH (-6.0 sen), TENAGA (-8.0 sen) and PBBANK (-4.0 sen). Most of the small caps and lower liners trended lower and market breadth stayed negative with decliners overwhelmed advancers by a ratio of 2-to-1. However, some companies which have announced better results closed on positive note – AYS and SCOPE added 3.0 sen respectively, while DKSH jumped 58.0 sen.
  
Top 3 Active stocks:
AAX (5238): RM0.415 (-4.5 sen)
M3TECH (0017): RM0.08 (-1.5 sen)

XDL (5156): RM0.035 (unch) 

Volume: 1.94 bln (3-month avg vol: 1.76 bln) 
Value: RM 1.77 bln 
Market Breadth: :arrow_up::253 :arrow_down::518
Crude palm oil: RM2,608 (+RM30)

Dow Futures: 18,556 pts (-12 pts) 

Source: Bloomberg, M+ Online


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