KLSE Traders Update and Ideas

Evening Market Summary - 15 May 2020

mplus313
Publish date: Fri, 15 May 2020, 05:21 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,403.44 pts (+6.19pts, +0.44%)

The FBM KLCI (+0.4%) advanced for the third straight session after lingering in the positive territory for the entire trading session, boosted by the recovery in commodity prices (both crude oil and crude palm oil). Market breadth turned positive as gainers outnumbered the losers on a ratio of 592-to-316 stocks. Following the higher crude oil prices, the energy sector (+5.1%) rallied, supported by gains from Petron Malaysia (+12.0 sen), Dialog Group (+11.0 sen) and Heng Yuan (+10.0 sen).

Top 3 Active stocks:
KNM (7164): RM0.18 (+3.0 sen)
HIBISCS (5199): RM0.58 (+6.5 sen)

SAPNRG (5218): RM0.09 (+0.5 sen)

Volume: 9.23 bln (100-day avg vol: 3.93 bln)
Value: RM3.87 bln
Market Breadth: ⬆:592 ⬇:316
Crude palm oil: RM2,091 (+RM60)

Dow Futures: 23,605 pts (+71 pts)

Source: Bloomberg, M+ Online


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