KLSE Traders Update and Ideas

Evening Market Summary - 31 May 2018

mplus313
Publish date: Thu, 31 May 2018, 05:20 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,740.62 pts (+21.34pts, +1.24%)

The FBM KLCI closed strongly in the positive territory, on the back of bargain-hunting activities in selected heavyweights as investors digested solid regional economic data and easing geopolitical tensions. Market breadth turned positive with 581 winners against 409 losers, while notable gainers include rubber-gloves titans like Hartalega (+2.0 sen) and Top Glove (+2.0 sen) - led by expectations of a potential inclusion into the Main Board.

Top 3 Active stocks:
SAPNRG (5218): RM0.55 (-3.5 sen)
MYEG (0138): RM0.89 (+12.5 sen)

YTLPOWER (6742): RM0.82 (+2.0 sen)

Volume: 4.61 bln (100-day avg vol: 3.01 bln)
Value: RM9.27 bln
Market Breadth: ?:581 ?:409
Crude palm oil: RM2,436 (-RM4)

Dow Futures: 24,682 pts (+13 pts)

Source: Bloomberg, M+ Online


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