KLSE Traders Update and Ideas

Evening Market Summary - 23 Oct 2019

mplus313
Publish date: Wed, 23 Oct 2019, 05:26 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,568.79 pts (-5.30pts, -0.34%)

The FBM KLCI erased all its' previous session gains, taking cue from the weakness on Wall Street overnight, coupled with the weaker Ringgit against the Greenback. Market breadth remained negative as losers numbering 442 stocks against 363 stocks on the winners list. Nevertheless, oil & gas companies like Petra Energy (+18.0 sen), Coastal Contracts (+11.0 sen) and Carimin Petroleum (+7.0 sen) continue to outperform.

Top 3 Active stocks:
ARMADA (5210): RM0.445 (+4.5 sen)
VELESTO (5243): RM0.355 (+2.5 sen)

SAPNRG (5218): RM0.275 (+1.5 sen)

Volume: 2.61 bln (100-day avg vol: 2.32 bln)
Value: RM1.69 bln
Market Breadth: ⬆:363 ⬇:442
Crude palm oil: RM2,340 (+RM23)

Dow Futures: 26,740 pts (-23 pts)

Source: Bloomberg, M+ Online


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