KLSE Traders Update and Ideas

Evening Market Summary - 6 Aug 2018

mplus313
Publish date: Mon, 06 Aug 2018, 05:50 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,779.75 pts (-0.34pts, -0.02%)

Tracking the mostly negative sentiments in the regional bourses, the FBM KLCI succumbed to selling-pressure in the eleventh hour, albeit capped by gains in banking counters. Market breadth turned bearish with 514 losers against 333 winners, while 421 stocks flatlined. Rubber gloves-related companies like Top Glove (+16.0 sen), Kossan Rubber (+5.0 sen) and Comfort (+4.0 sen), meanwhile, bucked the overall downtrend and closed higher on Monday.

Top 3 Active stocks:
MYEG (0138): RM1.22 (+5.0 sen)
FRONTKEN (0128): RM0.60 (+4.0 sen)

SAPNRG (5218): RM0.585 (-1.0 sen)

Volume: 2.12 bln (100-day avg vol: 2.52 bln)
Value: RM1.70 bln
Market Breadth: ⬆:333 ⬇:514
Crude palm oil: RM2,198 (+RM2)

Dow Futures: 25,385 pts (-25 pts)

Source: Bloomberg, M+ Online


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