KLSE Traders Update and Ideas

Evening Market Summary - 12 Dec 2018

mplus313
Publish date: Wed, 12 Dec 2018, 06:08 PM
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,663.27 pts (+10.64pts, +0.64%)

Tracking the positive sentiment in the regional stockmarkets, the FBM KLCI snapped its losing streak and closed higher - led by bargain-hunting activities in selected heavyweights and hopes of easing trade tensions. Market breadth was positive as 394 winners edged 371 losers, while 390 stocks flatlined. Gainers include O&G-related counters like Hibiscus Petroleum (+3.0 sen), Hengyuan Refining (+2.0 sen) and Serba Dinamik (+2.0 sen).

Top 3 Active stocks:
MYEG (0138): RM0.84 (-17.0 sen)
ARMADA (5210): RM0.175 (+1.5 sen)

PWORTH (7123): RM0.045 (unch)

Volume: 2.07 bln (100-day avg vol: 2.27 bln)
Value: RM1.94 bln
Market Breadth: ⬆:394 ⬇:371
Crude palm oil: RM2,033 (+RM18)

Dow Futures: 24,571 pts (+149 pts)

Source: Bloomberg, M+ Online


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