KLSE Traders Update and Ideas

Evening Market Summary - 4 Apr 2018

mplus313
Publish date: Wed, 04 Apr 2018, 05:42 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,815.94 pts (-34.84pts, -1.88%)

The key-index was badly hit especially in the eleventh hour, following China's plans to impose 25% new tariffs on $50.0 bln worth of U.S. imports including soybeans amongst others. Market breadth was deep in the red as losers beat winners by close to ten times. Technology stocks like Pentamaster (-42.0 sen), Elsoft (-26.0 sen) and Inari (-16.0 sen), meanwhile continue to slide amid prevailing selling-pressure in U.S. tech titans.

Top 3 Active stocks:
SAPNRG (5218): RM0.51 (-3.5 sen)
PUC (0007): RM0.24 (-3.0 sen)

NEXGRAM (0096): RM0.05 (-0.5 sen)

Volume: 3.28 bln (100-day avg vol: 2.84 bln)
Value: RM2.78 bln
Market Breadth: ?:111 ?:1105
Crude palm oil: RM2,440 (+RM4)

Dow Futures: 23,562 pts (-422 pts)

Source: Bloomberg, M+ Online


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