KLSE Traders Update and Ideas

Evening Market Summary - 8 Jan 2020

mplus313
Publish date: Wed, 08 Jan 2020, 05:12 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,589.10 pts (-21.94pts, -1.36%)

The FBM KLCI plunged at the opening bell on hostile U.S.-Iran relations following Iran’s recent missile attacks against Washington. Market breadth was also battered as losers beat the winners by more than five-fold. Notable stocks that survived Wednesday's meltdown, meanwhile, include Poh Kong (+16.5 sen) and Tomei (+12.5 sen) as gold prices soared to a record highs.

Top 3 Active stocks:
ALAM (5115): RM0.185 (+0.5 sen)
SAPNRG (5218): RM0.28 (unch)
VELESTO (5243): RM0.395 (+1.0 sen)

Volume: 3.86 bln (100-day avg vol: 2.39 bln)
Value: RM2.23 bln
Market Breadth: ⬆:171 ⬇:883
Crude palm oil: RM3,044 (+RM2)
Dow Futures: 28,410 pts (-116 pts)

Source: Bloomberg, M+ Online


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