FBM KLCI: 1,680.30 pts (-1.76 pts, -0.10%).
Selling pressure continues to dictate the direction of the market, especially for the lower liners and small cap stocks as the FBM Small Cap index has fallen more than 500 pts from the recent peak of 15,776 over the past seven trading days. Meanwhile, on the FBM KLCI, the key index slid marginally by 1.76 pts to end near the support of 1,680 led by Axiata (-18.0 sen), Maybank (-9.0 sen) and Hong Leong Financial Group (-16.0 sen). However, defensive counters under the REITs and consumer sector trended positively - SUNREIT and IGBREIT gained 3.0 sen and 4.0 sen respectively, while PADINI and CAB added 6.0 sen each.
Top 3 Active stocks:
AAX (5238): RM0.395 (-2.0 sen)
FGV (5222): RM2.11 (-17.0 sen)
VIVOCOM (0069): RM0.27 (-1.5 sen)
Volume: 1.74 bln (3-month avg vol: 1.76 bln)
Value: RM 1.89 bln
Market Breadth: ?:297 ?:523
Crude palm oil: RM2,556 (-RM44)
Dow Futures: 18,426 pts (-46 pts)
Source: Bloomberg, M+ Online
Disclaimer
The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.
The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.