KLSE Traders Update and Ideas

Evening Market Summary - 16 May 2019

mplus313
Publish date: Thu, 16 May 2019, 05:35 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,599.19 pts (-12.24pts, -0.76%)

The FBM KLCI fell 0.8% as majority of its constituents were painted red, weighed down by slower GDP growth, compared to 1Q2018 and worries of escalating trade tensions. Market breadth was negative with 520 decliners vs 259 winners, while notable losing stocks include Hartalega (-16.0 sen), Teo Seng (-12.0 sen) and MI Technovation (-8.0 sen).

Top 3 Active stocks:
LHI (6633): RM1.10 (unch)
LAMBO (0018): RM0.065 (-1.0 sen)

VC (0060): RM0.285 (+1.0 sen)

Volume: 2.03 bln (100-day avg vol: 2.70 bln)
Value: RM1.71 bln
Market Breadth: ⬆:259 ⬇:520
Crude palm oil: RM2,086 (+RM41)

Dow Futures: 25,678 pts (+4 pts)

Source: Bloomberg, M+ Online


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