KLSE Traders Update and Ideas

Evening Market Summary - 3 Sept 2019

mplus313
Publish date: Tue, 03 Sep 2019, 05:27 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,591.52 pts (-20.62pts, -1.28%)

The FBM KLCI (-1.3%) turned in a loss on Tuesday, weighed down by rising trade conflicts as U.S. and China increased the tariffs imposed on each other over the weekend. Meanwhile, market breadth was negative as losers more than doubled the winners, while banking stocks like Public Bank (-24.0 sen), Ambank (-22.0 sen) and Hong Leong Bank (-22.0 sen) closed lower amid expectations of lower interest rates.

Top 3 Active stocks:
NETX (0020): RM0.01 (-0.5 sen)
ARMADA (5210): RM0.25 (-0.5 sen)

EKOVEST (8877): RM0.82 (-1.0 sen)

Volume: 2.26 bln (100-day avg vol: 2.50 bln)
Value: RM1.59 bln
Market Breadth: ⬆:242 ⬇:614
Crude palm oil: RM2,193 (-RM41)

Dow Futures: 26,237 pts (-169 pts)

Source: Bloomberg, M+ Online


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