KLSE Traders Update and Ideas

Evening Market Summary - 28 Jan 2019

mplus313
Publish date: Mon, 28 Jan 2019, 05:33 PM
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,697.50 pts (-3.53pts, -0.21%)

The FBM KLCI was weaker by 0.2% after lingering mostly in the negative zone, in-line with weaker crude oil prices on expectations of widening supply. Market breadth was softer with 550 decliners against 301 advancers, while 355 stocks flatlined. Gloves maker, mainly Hartalega (-16.0 sen), Top Glove (-9.0 sen) and Kossan Rubber (-6.0 sen), meanwhile, retreated.

Top 3 Active stocks:
SAPNRG (5218): RM0.285 (+0.5 sen)
ARMADA (5210): RM0.215 (-1.5 sen)

VS (6963): RM0.80 (-0.5 sen)

Volume: 2.25 bln (100-day avg vol: 2.15 bln)
Value: RM1.95 bln
Market Breadth: ⬆:301 ⬇:550
Crude palm oil: RM2,325 (+RM31)

Dow Futures: 24,578 pts (-118 pts)

Source: Bloomberg, M+ Online


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