KLSE Traders Update and Ideas

Evening Market Summary - 2 Oct 2019

mplus313
Publish date: Wed, 02 Oct 2019, 05:22 PM
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,574.90 pts (-14.54pts, -0.91%)

Tracking the negative mood in the offshore markets, the FBM KLCI finished in the red on renewed concerns of slowing global growth, despite stronger energy prices. Market breadth was also stagnant as losers almost doubled the winners, while 417 stocks flatlined. On the flipside, consumer products-related stocks like GCB (+17.0 sen), Magni-Tech (+11.0 sen) and KPower (+7.0 sen) managed to beat the general downtrend and closed higher today.

Top 3 Active stocks:
VSOLAR (0066): RM0.075 (unch)
ARMADA (5210): RM0.31 (-1.0 sen)

MNC (0103): RM0.06 (-0.5 sen)

Volume: 1.85 bln (100-day avg vol: 2.29 bln)
Value: RM1.44 bln
Market Breadth: ⬆:264 ⬇:516
Crude palm oil: RM2,138 (-RM29)

Dow Futures: 26,411 pts (-110 pts)

Source: Bloomberg, M+ Online


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