KLSE Traders Update and Ideas

Evening Market Summary - 6 Sept 2016

mplus313
Publish date: Tue, 06 Sep 2016, 05:30 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,689.92 pts (+11.84 pts, +0.71%). 
Shares on Bursa Malaysia started off with a negative tone, but managed to surge into the green territory on the back of positive buying interest – the FBM KLCI surpassed the immediate resistance of 1,680. On the FBM KLCI, there were 27 advancers, 2 decliners and 1 traded unchanged. On the broader market, traders were focusing on building materials sector such as metal-related and cement or concrete related stocks – MYCRON and PRESTAR rose 9.5 sen and 11.5 sen respectively, while CHINHIN added 1.5 sen.
    
Top 3 Active stocks:
SANICHI (0133): RM0.09 (+1.0 sen)
IRIS (0010): RM0.18 (+2.5 sen)

M3TECH (0017): RM0.065 (-0.5 sen)     

Volume: 1.73 bln (3-month avg vol: 1.76 bln) 
Value: RM 1.57 bln 
Market Breadth: ?:412 ?:341
Crude palm oil: RM2,643 (-RM1)

Dow Futures: 18,502 pts (+22 pts) 

Source: Bloomberg, M+ Online


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