KLSE Traders Update and Ideas

Evening Market Summary - 11 May 2017

mplus313
Publish date: Thu, 11 May 2017, 05:19 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,775.39 pts (+8.83pts, +0.50%)

The Main Board ended 0.5% higher, after hitting its resistance at 1780 pts, on the back of positive sentiments spilled over from the U.S. stockmarkets after Wall Street closed at record highs, coupled with a surge in crude oil prices. Market breath was positive with 560 gainers to 376 decliners, while rubber glove producers like Hartalega (+31.0 sen), Topglove (+11.0 sen) and Kossan (+8.0 sen) continue to see buying interest.

Top 3 Active stocks:
NETX (0020): RM0.095 (unch)
AAX (5238): RM0.505 (+0.5 sen)

GLOTEC (5220): RM0.065 (-0.5 sen)

Volume: 3.55 bln (100-day avg vol: 2.76 bln)
Value: RM3.48 bln
Market Breadth: ?:560 ?:376
Crude palm oil: RM2,664 (+RM36)

Dow Futures: 20,875 pts (-18 pts)

Source: Bloomberg, M+ Online


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