KLSE Traders Update and Ideas

Evening Market Summary - 20 Sept 2016

mplus313
Publish date: Wed, 21 Sep 2016, 08:50 AM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,655.78 pts (+4.07 pts, +0.25%). 

The FBM KLCI managed to re-surface into the positive territory led by selected index heavyweights like AXIATA (+12.0 sen), PCHEM (+10.0 sen) and SIME (+9.0 sen) after traded most of the time in the negative zone throughout the trading session. However, market breadth was still negative with the losers ahead of gainers by a ratio of 4-to-3. Nevertheless, some of the government-related stocks were under the limelight; DRBHCOM rose 5.0 sen, while MYEG added 10.0 sen. 

Top 3 Active stocks:
LIONDIV (2887): RM0.06 (+3.5 sen) 
AIRASIA (5099): RM2.70 (-13.0 sen)

IRIS (0010): RM0.175 (+1.0 sen)

Volume: 1.39 bln (3-month avg vol: 1.74bln) 
Value: RM1.70 bln 
Market Breadth: ?:344 ?:418
Crude palm oil: RM2,699 (+RM57)

Dow Futures: 18,082 pts (+30 pts) 

Source: Bloomberg, M+ Online


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