KLSE Traders Update and Ideas

Evening Market Summary - 19 Sept 2016

mplus313
Publish date: Mon, 19 Sep 2016, 05:22 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,651.71 pts (-1.28 pts, -0.08%). 

Profit taking activities re-emerged after the FBM KLCI gapped up to retest the 1,660 level; selected telco heavyweights such as DIGI (-15.0 sen), AXIATA (-5.0 sen) and TM (-8.0 sen) ended lower. Market breadth was negative with decliners outpaced the advancers by 444-to-333 stocks. Nevertheless, timber-related stocks were getting positive traction; JAYCORP and EVERGRN rose 7.0 sen and 2.0 sen respectively. 

Top 3 Active stocks:
EVERGRN (5101): RM0.94 (+2.0 sen) 
HIAPTEK (5072): RM0.31 (+0.5 sen)

SENDAI (5205): RM0.515 (+4.5 sen)

Volume: 1.15 bln (3-month avg vol: 1.75 bln) 
Value: RM1.44 bln 
Market Breadth: ?:333 ?:444
Crude palm oil: RM2,637 (+RM72)

Dow Futures: 18,131 pts (+78 pts) 

Source: Bloomberg, M+ Online


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