KLSE Traders Update and Ideas

Evening Market Summary - 18 May 2020

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

FBM KLCI: 1,410.16 pts (+6.72pts, +0.48%)

The FBM KLCI (+0.5%) recorded its' fourth consecutive days of gains after lingering in the positive territory for the entire trading session, underpinned by the firmer commodity prices. Market breadth remained positive as gainers trounced the losers on a ratio of 663-to-331 stocks. Following the potential favourable development surrounding the High Speed Rail (HSR) project, the construction sector (+8.5%) soared, anchored by Gamuda (+33.0 sen), IJM Corporation (+16.0 sen) and MGB (+15.0 sen).

Top 3 Active stocks:
ICON (5255): RM0.125 (+5.0 sen)
VELESTO (5243): RM0.17 (+3.0 sen)

ARMADA (5210): RM0.26 (+6.5 sen)

Volume: 11.21 bln (100-day avg vol: 4.03 bln)
Value: RM4.41 bln
Market Breadth: ⬆:663 ⬇:331
Crude palm oil: RM2,150 (+RM61)

Dow Futures: 23,886 pts (+369 pts)

Source: Bloomberg, M+ Online


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