KLSE Traders Update and Ideas

Evening Market Summary - 8 Nov 2016

mplus313
Publish date: Tue, 08 Nov 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: 1,663.82 pts (+13.23 pts, +0.80%)

Following the positive sentiments from the overseas markets as the Dow surged more than 2% yesterday, buying interest was noted on the FBM KLCI, boosting the key index to end above the 1,660 level. Also, market breadth was positive with 438 gainers, 323 losers, while 347 traded unchanged. Also, selected export related stocks under the technology and gloves sector trended positively; GTRONIC and UNISEM rose 6.0 sen and 8.0 sen respectively, while HARTA and TOPGLOV gained 8.0 sen and 5.0 sen respectively. 

Top 3 Active stocks:
RGB (0037): RM0.245 (unch)
AAX (5238): RM0.435 (+0.5 sen) 

HIBISCS (5199): RM0.30 (-1.0 sen)

Volume: 1.25 bln (3-month avg vol: 1.68 bln) 
Value: RM1.71 bln 
Market Breadth: ?:438 ?:323
Crude palm oil: RM2,849 (+RM60)

Dow Futures: 18,198 pts (+6 pts) 

Source: Bloomberg, M+ Online


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