KLSE Traders Update and Ideas

Evening Market Summary - 16 Mar 2020

mplus313
Publish date: Mon, 16 Mar 2020, 05:37 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,280.63 pts (-64.12pts, -4.77%)

The FBM KLCI (-4.8%) took another dive, spooked by the rising number of Covid-19 cases in the country, coupled with the falling crude oil prices, whilst the Ringgit tanked further. Market breadth stayed negative as losers overwhelmed the winners on a ratio of 1041-to-97 stocks. The energy sector was the worst hit following the subdue crude oil prices, dragged down by Petron Malaysia (-49.0 sen), Dialog (-40.0 sen) and Yinson (-37.0 sen).

Top 3 Active stocks:
ARMADA (5210): RM0.135 (-2.5 sen)
SAPNRG (5218): RM0.095 (-1.0 sen)

VELESTO (5243): RM0.125 (-3.5 sen)

Volume: 4.47 bln (100-day avg vol: 2.86 bln)
Value: RM3.69 bln
Market Breadth: ⬆:97 ⬇:1041
Crude palm oil: RM2,212 (-RM58)

Dow Futures: 21,798 pts (-1041 pts)

Source: Bloomberg, M+ Online


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