KLSE Traders Update and Ideas

Evening Market Summary - 22 May 2020

mplus313
Publish date: Fri, 22 May 2020, 05:22 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,436.76 pts (-15.35pts, -1.06%)

The FBM KLCI (-1.1%) retreated alongside with the weakness across regional peers following the escalating trade tension between U.S. and China after the latter after announced plans to impose a national security law on Hong Kong. Market breadth turned negative as losers thumped the winners on a ratio of 800-to-289 stocks. The transportation & logistics sector (+1.4%) outperformed the negative broader market lifted by MMC Corporation (+4.5 sen), Pos Malaysia (+2.0 sen) and Malaysia Airport Holdings (+1.0 sen).

Top 3 Active stocks:
VELESTO (5243): RM0.16 (-0.5 sen)
KNM (7164): RM0.205 (-1.5 sen)

ARMADA (5210): RM0.215 (-1.5 sen)

Volume: 6.69 bln (100-day avg vol: 4.25 bln)
Value: RM4.19 bln
Market Breadth: ⬆:289 ⬇:800
Crude palm oil: RM2,149 (-RM58)

Dow Futures: 24,225 pts (-151 pts)

Source: Bloomberg, M+ Online


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