KLSE Traders Update and Ideas

Evening Market Summary - 24 Oct 2016

mplus313
Publish date: Mon, 24 Oct 2016, 05:43 PM
mplus313
0 3,925
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


Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.

More articles on KLSE Traders Update and Ideas
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment