KLSE Traders Update and Ideas

Evening Market Summary - 30 Sept 2016

mplus313
Publish date: Fri, 30 Sep 2016, 05:18 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,652.55 pts (-17.09 pts, -1.02%)

The FBM KLCI endured a round of selling pressure as the key index violated the 1,660 support level, dragged down by selective banking heavyweights such as HLFG (-36.0 sen), RHBBANK (-20.0 sen)  and MAYBANK (-12.0 sen). Market sentiments remained negative with decliners overwhelmed advancers by a ratio of 586-to-230 stocks. Nevertheless, glove manufactures – KOSSAN (+9.0 sen), TOPGLOV (+8.0 sen) and RUBEREX (+1.5 sen) bucked the negative market sentiment. 

Top 3 Active stocks:
HIAPTEK (5072): RM0.33 (-2.5 sen)
LIONCOR (3581): RM0.01 (-2.5 sen)

SUMATEC (1201): RM0.085 (unch) 

Volume: 1.75 bln (3-month avg vol: 1.77 bln) 
Value: RM2.16 bln 
Market Breadth: ?:230 ?:586
Crude palm oil: RM2,624 (+RM8)

Dow Futures: 18,060 pts (-37 pts) 

Source: Bloomberg, M+ Online


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