KLSE Traders Update and Ideas

Evening Market Summary - 24 Apr 2019

mplus313
Publish date: Wed, 24 Apr 2019, 05:32 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,638.01 pts (+10.57pts, +0.65%)

The FBM KLCI (+0.7%) ended on a higher note, after the World Bank maintained its 2019 GDP growth forecast for Malaysia and positive sentiment spilled over from Wall Street overnight. Market breadth was favorable as winners beat the losers on a ratio of 598-to-328 stocks. Meanwhile, construction-linked counters like Ekovest (+6.5 sen), Gamuda (+6.0 sen) and Gadang (+1.0 sen) remained on an upward trajectory amid the revival of mega construction projects.

Top 3 Active stocks:
ARMADA (5210): RM0.27 (+7.0 sen)
EKOVEST (8877): RM0.935 (+6.5 sen)

BARAKAH (7251): RM0.105 (+1.0 sen)

Volume: 4.39 bln (100-day avg vol: 2.61 bln)
Value: RM2.85 bln
Market Breadth: ⬆:598 ⬇:328
Crude palm oil: RM2,153 (-RM17)

Dow Futures: 26,640 pts (+1 pts)

Source: Bloomberg, M+ Online


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