KLSE Traders Update and Ideas

Evening Market Summary - 6 Nov 2019

mplus313
Publish date: Wed, 06 Nov 2019, 05:23 PM
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,603.25 pts (-3.49pts, -0.22%)

The FBM KLCI closed in the red, alongside most of the broader market, weighed down slightly stronger Greenback, while the earnings season rolls on. Market breadth was still negative with 490 decliners against 333 winners, while notable losers include glovemakers like Top Glove (-13.0 sen), Hartalega (-5.0 sen) and Kossan (-5.0 sen) amid concerns of rising costs and competition in the glove industry.

Top 3 Active stocks:
VELESTO (5243): RM0.385 (+2.5 sen)
SUMATEC (1201): RM0.005 (unch)

MSPORTS (5150): RM0.005 (-1.0 sen)

Volume: 2.71 bln (100-day avg vol: 2.36 bln)
Value: RM1.72 bln
Market Breadth: ⬆:333 ⬇:490
Crude palm oil: RM2,537 (+RM22)

Dow Futures: 27,448 pts (+27 pts)

Source: Bloomberg, M+ Online


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