KLSE Traders Update and Ideas

Evening Market Summary - 8 May 2020

mplus313
Publish date: Fri, 08 May 2020, 05:27 PM
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,382.31 pts (+5.38pts, +0.39%)

The FBM KLCI (+0.4%) advanced alongside with the gains across regional peers following the news over the resumption of U.S.-China trade talks. Market breadth stayed positive as gainers outpaced losers on a ratio of 540-to-340 stocks. The transportation and logistics sector (+1.5%) jumped higher, buoyed by gains MISC (+13.0 sen), Freight (+3.0 sen) and Litrak (+3.0 sen) on expectations over improved rising logistics movements, whilst the low crude oil prices also serves as a positivity.

Top 3 Active stocks:
KGROUP (0036): RM0.11 (unch)
CAREPLS (0163): RM0.59 (+6.0 sen)

ASB (1481): RM0.135 (+1.5 sen)

Volume: 4.68 bln (100-day avg vol: 3.71 bln)
Value: RM2.74 bln
Market Breadth: ⬆:540 ⬇:340
Crude palm oil: RM2,006 (+RM60)

Dow Futures: 24,064 pts (+221 pts)

Source: Bloomberg, M+ Online


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