FBM KLCI: 1,708.80 pts (-5.07pts, -0.30%)

The FBM KLCI kicked-off the week with losses, largely due to heavy selling pressure in Genting-related companies following expectations of higher gaming duties as investors digested the Malaysian Budget 2019 announced last Friday. Market breadth turned soft as losers overturned winners on a ratio of 537-to-334 stocks, while notable decliners were Genting Malaysia (-93.0 sen), Genting Bhd (-46.0 sen) and Fraser & Neave (-30.0 sen).

Top 3 Active stocks:
GENM (4715): RM3.61 (-93.0 sen)
SEACERA (7073): RM0.29 (-1.5 sen)

SAPNRG (5218): RM0.355 (+0.5 sen)

Volume: 2.23 bln (100-day avg vol: 2.29 bln)
Value: RM3.28 bln
Market Breadth: ⬆:334 ⬇:537
Crude palm oil: RM2,125 (-RM28)

Dow Futures: 25,153 pts (-88 pts)

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.