KLSE Traders Update and Ideas

Evening Market Summary - 8 Nov 2019

mplus313
Publish date: Fri, 08 Nov 2019, 05:25 PM
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,609.73 pts (+0.40pts, +0.02%)

The main bourse continues its uptrend on Friday, boosted by strong gains in selected banks, following BNM's move to reduce the SRR ratio amid concerns of slowing global growth. Market breadth was flat, while notable gainers were O&G-related counters like Hengyuan Refining (+8.0 sen), Wah Seong (+8.0 sen) and Uzma (+5.0 sen) rallied.

Top 3 Active stocks:
SAPNRG (5218): RM0.295 (+2.5 sen)
TRIVE (0118): RM0.015 (unch)

NETX (0020): RM0.02 (unch)

Volume: 3.11 bln (100-day avg vol: 2.38 bln)
Value: RM2.15 bln
Market Breadth: ⬆:419 ⬇:412
Crude palm oil: RM2,546 (+RM18)

Dow Futures: 27,640 pts (-27 pts)

Source: Bloomberg, M+ Online


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