KLSE Traders Update and Ideas

Evening Market Summary - 21 May 2020

mplus313
Publish date: Thu, 21 May 2020, 06:19 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,452.11 pts (+16.99pts, +1.18%)

The FBM KLCI (+1.2%) bucked the mostly negative performance across regional peers to trend higher for the seventh consecutive session, supported by the extended buying momentum in glove, oil & gas and plantation heavyweights. Market breadth remained positive as gainers beat the losers on a ratio of 558-to-430 stocks. The healthcare sector (+6.4%) continue to anchor the broader market winners list on gains from Kossan (+93.0 sen), Top Glove (+86.0 sen) and Supermax (+81.0 sen) with the latter having delivered stellar corporate earnings.

Top 3 Active stocks:
VELESTO (5243): RM0.165 (-0.5 sen)
KNM (7164): RM0.22 (+0.5 sen)

ARMADA (5210): RM0.23 (-1.0 sen)

Volume: 7.15 bln (100-day avg vol: 4.21 bln)
Value: RM4.66 bln
Market Breadth: ⬆:558 ⬇:430
Crude palm oil: RM2,171 (+RM12)

Dow Futures: 24,373 pts (-146 pts)

Source: Bloomberg, M+ Online


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