KLSE Traders Update and Ideas

Evening Market Summary - 20 May 2020

mplus313
Publish date: Wed, 20 May 2020, 05:09 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

Gains on the healthcare heavyweights sent the FBM KLCI (+0.8%) higher for the sixth straight session as market sentiment turned bullish alongside with gains across regional peers. Market breadth was positive as gainers outnumbered the losers on a ratio of 561-to-356 stocks. The healthcare sector (+4.2%) resumed its' rally boosted by Hartalega (+41.0 sen), Pharmaniaga (+34.0 sen) and Supermax (+34.0 sen) as the potential Covid-19 vaccine development hits a snag.

Top 3 Active stocks:
VELESTO (5243): RM0.17 (+0.5 sen)
SAPNRG (5218): RM0.10 (unch)

ARMADA (5210): RM0.24 (-0.5 sen)

Volume: 6.74 bln (100-day avg vol: 4.15 bln)
Value: RM3.64 bln
Market Breadth: ⬆:561 ⬇:356
Crude palm oil: RM2,162 (-RM20)

Dow Futures: 24,392 pts (+234 pts)

Source: Bloomberg, M+ Online


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