KLSE Traders Update and Ideas

Evening Market Summary - 7 Dec 2016

mplus313
Publish date: Wed, 07 Dec 2016, 05:26 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,632.47 pts (+2.74pts, +0.17%)

Tracking the positive sentiment in the regional stockmarkets, the FBM KLCI finished 0.2% higher after lingering mostly in the green, ahead of the European Central Bank policy meeting. Crude oil prices, however, fell on Wednesday - led by worries that the planned OPEC production cut will be insufficient to offset oversupply in the market. Market sentiment was tepid with 414 decliners and 283 gainers, while 377 companies finished unchanged. Heavyweight advancers include Petronas Gas (+18.0 sen), Axiata (+12.0 sen) and Genting Malaysia (+9.0 sen).

Top 3 Active stocks:
APFT (5194): RM0.04 (-1.0 sen)
HIBISCS (5199): RM0.30 (-0.5 sen)

SMTRACK (0169): RM0.025 (-2.0 sen)

Volume: 1.04 bln (100-day avg vol: 1.68 bln)
Value: RM1.37 bln
Market Breadth: ?:283 ?:414
Crude palm oil: RM3,165 (-RM18)

Dow Futures: 19,256 pts (+24 pts)

Source: Bloomberg, M+ Online


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