KLSE Traders Update and Ideas

Evening Market Summary - 16 Aug 2018

mplus313
Publish date: Thu, 16 Aug 2018, 05:44 PM
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,777.27 pts (-8.67pts, -0.49%)

Taking cue from the broad decline in offshore stockmarkets amid lingering geopolitical and trade concerns, the FBM KLCI was painted red, weighed down by selected telco giants. Market breadth was still negative with 591 losers against 302 winners, while 438 stocks closed unchanged. Steel-related counters like Press Metal (-12.0 sen), Ann Joo Resources (-2.0 sen) and Malaysia Steel Works (-1.0 sen), meanwhile, were amongst the sea of decliners on Thursday's close.

Top 3 Active stocks:
ASB (1481): RM0.17 (+0.5 sen)
AHB (7315): RM0.21 (+3.0 sen)

NOVAMSC (0026): RM0.175 (-0.5 sen)

Volume: 2.11 bln (100-day avg vol: 2.51 bln)
Value: RM1.91 bln
Market Breadth: ⬆:302 ⬇:591
Crude palm oil: RM2,216 (-RM0)

Dow Futures: 25,288 pts (+101 pts)

Source: Bloomberg, M+ Online


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tecpower

Dow set for 200 point jump on possible resumption of China trade talks, Walmart 10% surge. https://www.investing.com/indices/us-30-commentary

2018-08-16 19:50

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