KLSE Traders Update and Ideas

Evening Market Summary - 25 Aug 2016

mplus313
Publish date: Thu, 25 Aug 2016, 06:10 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

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


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