KLSE Traders Update and Ideas

Evening Market Summary - 30 Aug 2016

mplus313
Publish date: Tue, 30 Aug 2016, 05:31 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,678.06 pts (-3.54 pts, -0.21%). 
The FBM KLCI reversed its positive momentum at the final trading hour and fell into the negative territory as selling activities intensified on selected index heavyweights like Genting (-20.0 sen), Maybank (-8.0 sen) and BAT (-54.0 sen) – the key index slid below the support of 1,680. Overall market sentiments were mixed as decliners were only slightly ahead of advancers by 419-to-409 stocks. Nevertheless, stocks which have recorded a good set of results like KIMLUN (+6.0 sen) and MYEG (+12.0 sen) ended on a positive tone.
    
Top 3 Active stocks:
M3TECH (0017): RM0.07 (-0.5 sen) 
AAX (5238): RM0.375 (-1.0 sen)

SKPETRO (5218): RM1.58 (-6.0 sen)

Volume: 2.00 bln (3-month avg vol: 1.74 bln) 
Value: RM 2.26 bln 
Market Breadth: ?:409 ?:419
Crude palm oil: RM2,524 (+RM7)

Dow Futures: 18,495 pts (+6 pts) 

Source: Bloomberg, M+ Online


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