KLSE Traders Update and Ideas

Evening Market Summary - 24 Oct 2016

mplus313
Publish date: Mon, 24 Oct 2016, 05:43 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,677.76 pts (+7.78 pts, +0.47%)

The FBM KLCI started on a negative tone after Budget 2017, but buying interest picked up and the FBM KLCI reversed to surge above the 1,670 level. Also, market sentiments turned positive with the allocation of RM3.0 bln special fund to invest in small and mid-cap stocks. However, market breadth is negative with decliners ahead of advancers by 407-to-378 stocks. Meanwhile, metal-related stocks like MYCRON (+9.0 sen) and ANNJOO (7.0 sen) trended positively throughout the session.

Top 3 Active stocks:
BCMALL (0187): RM0.215 (+2.5 sen)
HIBISCS (5199): RM0.30 (+4.5 sen) 

VIVOCOM (0069): RM0.19 (+0.5 sen)

Volume: 1.64 bln (3-month avg vol: 1.78 bln) 
Value: RM1.69 bln 
Market Breadth: ?:378 ?:407
Crude palm oil: RM2,807 (+RM83)

Dow Futures: 18,145 pts (+79 pts) 

Source: Bloomberg, M+ Online


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