KLSE Traders Update and Ideas

Evening Market Summary - 31 May 2019

mplus313
Publish date: Fri, 31 May 2019, 05:20 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,650.76 pts (+14.26pts, +0.87%)

The key-index continue to drive higher after lingering in the positive territory for almost the entire trading session on Friday, backed by strong buying momentum in selected blue-chips like Tenaga Nasional. Market breadth, however, turned negative as decliners overtake the advancers with 464 stocks in the red. Outperforming stocks today include Telekom Malaysia (+15.0 sen), DRB-Hicom (+10.0 sen) and Inari (+8.0 sen).

Top 3 Active stocks:
TM (4863): RM3.61 (+15.0 sen)
LAMBO (0018): RM0.06 (unch)

DAYANG (5141): RM0.975 (-6.5 sen)

Volume: 2.23 bln (100-day avg vol: 2.74 bln)
Value: RM2.56 bln
Market Breadth: ⬆:395 ⬇:464
Crude palm oil: RM2,078 (-RM6)

Dow Futures: 24,937 pts (-253 pts)

Source: Bloomberg, M+ Online


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