KLSE Traders Update and Ideas

Evening Market Summary - 14 Sept 2016

mplus313
Publish date: Thu, 15 Sep 2016, 08:42 AM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,661.39 pts (-15.79 pts, -0.94%). 

With the resumption of selling pressure after the Dow retested the resistance near the 18,250 level, selling activities intensified on the FBM KLCI and corrected towards the support of 1,660 led by AXIATA (-18.0 sen) and PBBANK (-34.0 sen). Market breadth was negative with decliners outpaced advancers by a ratio of 2-to-1. Nevertheless, metal-related stocks were still under the limelight, LEONFB and LSTEEL added 3.0 sen and 9.0 sen respectively. 

Top 3 Active stocks:
DBE (7179): RM0.045 (unch) 
HIAPTEK (5072): RM0.295 (+0.5 sen)

MELEWAR (3778): RM0.57 (+3.0 sen)

Volume: 1.40 bln (3-month avg vol: 1.73 bln) 
Value: RM1.82 bln 
Market Breadth: ?:265 ?:533
Crude palm oil: RM2,566 (-RM26)

Dow Futures: 18,010 pts (+1 pts) 

Source: Bloomberg, M+ Online


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