KLSE Traders Update and Ideas

Evening Market Summary - 24 May 2017

mplus313
Publish date: Wed, 24 May 2017, 05:16 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,771.01 pts (+3.84pts, +0.22%)

The local bourse finished with minute gains, on last minute buying-support in selected heavyweights, as investors look forward to the tax reforms promised under Donald Trump’s administration. Market breath, however was muted with 546 losers to 419 winners, while 356 stocks closed unchanged. Top gainers include rubber glove manufacturers like Hartalega (+29.0 sen), Top Glove (+5.0 sen) and Kossan (+3.0 sen).

Top 3 Active stocks:
AAX (5238): RM0.45 (-8.5 sen)
LUSTER (5068): RM0.145 (-0.5 sen)

BORNOIL (7036): RM0.125 (+0.5 sen)

Volume: 3.38 bln (100-day avg vol: 2.95 bln)
Value: RM2.90 bln
Market Breadth: ?:419 ?:546
Crude palm oil: RM2,587 (-RM30)

Dow Futures: 20,926 pts (+11 pts)

Source: Bloomberg, M+ Online


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