KLSE Traders Update and Ideas

Evening Market Summary - 6 Sept 2018

mplus313
Publish date: Thu, 06 Sep 2018, 05:31 PM
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,798.57 pts (+3.07pts, +0.17%)

The FBM KLCI bucked the mostly negative trend across its regional peers as the local bourse snapped a five-day losing streak amid bargain hunting activities in selected index heavyweights. Market breadth, however, remained negative as losers overpowered the winners on a ratio of 553-to-297 stocks, while 404 stocks flatlined. Consumer products giants like Dutch Lady (-38.0 sen), Carlsberg (-34.0 sen) and Heineken (-26.0 sen) topped the broader market decliners list following the re-introduction of SST earlier this month.

Top 3 Active stocks:
NEXGRAM (0096): RM0.025 (-0.5 sen)
PWORTH (7123): RM0.05 (unch)

SUMATEC (1201): RM0.03 (-0.5 sen)

Volume: 1.98 bln (100-day avg vol: 2.55 bln)
Value: RM1.90 bln
Market Breadth: ⬆:297 ⬇:553
Crude palm oil: RM2,275 (-RM16)

Dow Futures: 26,023 pts (+50 pts)

Source: Bloomberg, M+ Online


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