KLSE Traders Update and Ideas

Evening Market Summary - 9 Sept 2016

mplus313
Publish date: Fri, 09 Sep 2016, 05:47 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,686.44 pts (-4.94 pts, -0.29%). 

Profit taking activities emerged and the FBM KLCI violated below the 1,690 level led by GENTING (-19.0 sen) and TENAGA (-12.0 sen) – the latter ended lower after Khazanah Nasional Bhd reported to be divesting about 1.5% of the total shares outstanding in TENAGA. Meanwhile, broader market trended in the negative tone as selling interest picked up in most of the small caps and lower liners – CYPARK and LIIHEN fell 5.0 sen each. Nevertheless, selected metal-related stocks remained uptrend intact - MYCRON jumped 7.5 sen, while PRESTAR added 1.0 sen. 

Top 3 Active stocks:
XDL (5156): RM0.035 (+0.5 sen)
DNEX (4456): RM0.285 (+1.0 sen) 

DNONCE (7114): RM0.285 (unch)

Volume: 1.34 bln (3-month avg vol: 1.74 bln) 
Value: RM 1.36 bln 
Market Breadth: ?:324 ?:401
Crude palm oil: RM2,645 (+RM36)

Dow Futures: 18,359 pts (-22 pts) 

Source: Bloomberg, M+ Online


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