KLSE Traders Update and Ideas

Evening Market Summary - 3 May 2019

mplus313
Publish date: Fri, 03 May 2019, 05:28 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,637.30 pts (+5.06pts, +0.31%)

The FBM KLCI rebounded from the negative territory and closed higher on Friday, owing to bargain-hunting in selected heavyweights despite weakness in crude oil prices. Market breadth turned positive as winners overturned the losers on a ratio 447-to-395 stocks. Notable advancers, meanwhile, include glove makers like Hartalega (+6.0 sen), Supermax (+3.0 sen) and Top Glove (+2.0 sen).

Top 3 Active stocks:
EKOVEST (8877): RM0.955 (+13.0 sen)
IWCITY (1589): RM1.05 (+10.5 sen)

ARMADA (5210): RM0.22 (unch)

Volume: 2.82 bln (100-day avg vol: 2.65 bln)
Value: RM2.11 bln
Market Breadth: ⬆:447 ⬇:395
Crude palm oil: RM2,025 (-RM7)

Dow Futures: 26,340 pts (+75 pts)

Source: Bloomberg, M+ Online


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