KLSE Traders Update and Ideas

Evening Market Summary - 7 Jan 2020

mplus313
Publish date: Tue, 07 Jan 2020, 05:18 PM
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,611.04 pts (+13.28pts, +0.83%)

Tracking the recovery in Wall Street overnight, the key index also rose 0.8% - led by gains in selected telco and banking heavyweights, while market breadth was positive with 441 winners against 388 losers. Glove makers like Hartalega (+13.0 sen), Kossan Rubber (+10.0 sen) and Comfort Gloves (+0.5 sen) closed higher today amid expectations of stronger demand in the near-term.

Top 3 Active stocks:
ALAM (5115): RM0.18 (-0.5 sen)
SAPNRG (5218): RM0.28 (-1.0 sen)

VC (0060): RM0.24 (unch)

Volume: 2.98 bln (100-day avg vol: 2.37 bln)
Value: RM1.79 bln
Market Breadth: ⬆:441 ⬇:388
Crude palm oil: RM3,057 (+RM15)

Dow Futures: 28,711 pts (+69 pts)

Source: Bloomberg, M+ Online


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