KLSE Traders Update and Ideas

Evening Market Summary - 18 Oct 2016

mplus313
Publish date: Tue, 18 Oct 2016, 06:00 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,667.57 pts (+13.86 pts, +0.84%)

Share prices on Bursa Malaysia rebounded on the back of bargain hunting activities ahead of Budget 2017 this Friday. The market breadth turned positive with 467 advancers, 317 decliners, while 391 traded unchanged.  Most of the construction stocks trended positively for the day – IJM rose 6.0 sen, GAMUDA added 4.0 sen and GADANG up 14.0 sen. Also, consumer stocks like DKSH (+14.0 sen) and PANAMY (+32.0 sen).

Top 3 Active stocks:
AT (0072): RM0.045 (-0.5 sen)
RGB (0037): RM0.195 (+0.5 sen)
NEXGRAM (0096): RM0.06 (unch) 

Volume: 1.57 bln (3-month avg vol: 1.79 bln) 
Value: RM1.88 bln 
Market Breadth: :arrow_up::467 :arrow_down::319
Crude palm oil: RM2,739 (-RM29)

Dow Futures: 18,078 pts (+65 pts) 

Source: Bloomberg, M+ Online


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