KLSE Traders Update and Ideas

Evening Market Summary - 24 Oct 2018

mplus313
Publish date: Wed, 24 Oct 2018, 05:58 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,690.04 pts (-7.56pts, -0.45%)

The FBM KLCI struggled to keep afloat on Wednesday, owing to weaker crude oil prices and selling-pressure in selected heavyweights amid the prevailing bearish sentiment. Market breadth was still negative with 620 losers vs 245 winners, while notable decliners today include semicon players like Globetronics (-18.0 sen), Inari (-16.0 sen) and Pentamaster (-13.0 sen) following concerns of softer demand.

Top 3 Active stocks:
PRESBHD (5204): RM0.52 (+6.5 sen)
BORNOIL (7036): RM0.045 (unch)

VC (0060): RM0.095 (+1.0 sen)

Volume: 2.35 bln (100-day avg vol: 2.39 bln)
Value: RM1.92 bln
Market Breadth: :arrow_up::245 :arrow_down::620
Crude palm oil: RM2,190 (-RM28)

Dow Futures: 25,025 pts (-219 pts)

Source: Bloomberg, M+ Online


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