KLSE Traders Update and Ideas

Evening Market Summary - 28 May 2019

mplus313
Publish date: Tue, 28 May 2019, 05:16 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,614.57 pts (+13.22pts, +0.83%)

The FBM KLCI advanced for the fourth-straight session amid portfolio re-balancing activities, while market breadth turned positive as gainers overturned the losers on a ratio of 427-to-395 stocks. Notable gainers, meanwhile include energy-related stocks like Serba Dinamik (+29.0 sen), Hibiscus Petroleum (+6.0 sen) and Hengyuan Refining (+3.0 sen), on the back of last-minute buying-support.

Top 3 Active stocks:
IOIPG (5249): RM1.24 (+4.0 sen)
SAPNRG (5218): RM0.295 (+0.5 sen)

SIMEPROP (5288): RM0.985 (+1.0 sen)

Volume: 2.40 bln (100-day avg vol: 2.73 bln)
Value: RM4.52 bln
Market Breadth: ⬆:427 ⬇:395
Crude palm oil: RM2,049 (+RM24)

Dow Futures: 25,591 pts (-29 pts)

Source: Bloomberg, M+ Online


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