KLSE Traders Update and Ideas

Evening Market Summary - 5 Oct 2016

mplus313
Publish date: Wed, 05 Oct 2016, 05:40 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,662.92 pts (+1.67 pts, +0.10%)

The FBM KLCI stayed positive for another session after a sharp fall last Friday; the key index rebounded off the 1,660 level, forming a hammer candle, which may be indicating a potential short term rebound towards the 1,680 level. The market breadth, however is negative with decliners overwhelmed advancers by a ratio of 477-to-288 stocks. Nevertheless, selected glove-related stocks like SUPERMX (+4.0 sen) and HARTA (+5.0 sen) ended on a positive note. 

Top 3 Active stocks:
PERISAI (0047): RM0.085 (-0.5 sen)
AT (0072): RM0.075 (+1.0 sen) 

BORNOIL (7036): RM0.18 (-0.5 sen)

Volume: 1.63 bln (3-month avg vol: 1.79 bln) 
Value: RM2.16 bln 
Market Breadth: ?:288 ?:477
Crude palm oil: RM2,572 (-RM28)

Dow Futures: 18,086 pts (-6 pts) 

Source: Bloomberg, M+ Online


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