KLSE Traders Update and Ideas

Evening Market Summary - 13 Sept 2016

mplus313
Publish date: Tue, 13 Sep 2016, 05:29 PM
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,677.18 pts (-9.26 pts, -0.55%). 

After a volatile move in Wall Street last week on the back of mixed comments from the Fed’s officials, the FBM KLCI ended lower as selling pressure picked up below the 1,680 level led by AXIATA (-16.0 sen), CIMB (-16.0 sen) and RHBBANK (-8.0 sen). Also, overall broader market trended negatively with losers outpaced gainers by 637-to-206 stocks. Nevertheless, buying interest stayed intact within the metal-related stocks; MELWEAR and MYCRON jumped 14.0 sen and 12.0 sen respectively. 

Top 3 Active stocks:
MELEWAR (3778): RM0.54 (+14.0 sen)
KINSTEL (5060): RM0.055 (+1.0 sen) 

VIVOCOM (0069): RM0.205 (-1.0 sen)

Volume: 1.36 bln (3-month avg vol: 1.74 bln) 
Value: RM1.51 bln 
Market Breadth: ?:206 ?:637
Crude palm oil: RM2,609 (-RM31)

Dow Futures: 18,116 pts (-130 pts) 

Source: Bloomberg, M+ Online


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