KLSE Traders Update and Ideas

Evening Market Summary - 8 Sept 2016

mplus313
Publish date: Thu, 08 Sep 2016, 05:53 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,691.38 pts (+1.81 pts, +0.11%). 
Despite a softer closing on Wall Street, the FBM KLCI managed to eke out marginal gains to end higher at 1,691.38 pts (+1.81 pts) as GENTING (+15.0 sen) and MAYBANK (+5.0 sen) were traded positively. Sentiments were fairly positive on the broader market as advancers led decliners by 402-to-374 stocks. However, some of the metal-related stocks have taken a pause on the back of profit taking activities; MASTEEL (-2.0 sen) and MELEWAR (-1.0 sen). Nevertheless, semiconductor related stocks like JHM (+5.0 sen) and UNISEM (+6.0 sen) ended on a strong footing.
    
Top 3 Active stocks:
SANICHI (0133): RM0.9 (-1.0 sen)
NWP (5025): RM0.30 (-8.5 sen)

DNEX (4456): RM0.275 (+1.0 sen)     

Volume: 1.69 bln (3-month avg vol: 1.75 bln) 
Value: RM 1.58 bln 
Market Breadth: ?:402 ?:374
Crude palm oil: RM2,620 (+RM22)

Dow Futures: 18,458 pts (+25 pts) 

Source: Bloomberg, M+ Online


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