KLSE Traders Update and Ideas

Evening Market Summary - 27 May 2020

mplus313
Publish date: Wed, 27 May 2020, 05:25 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,451.73 pts (+14.97pts, +1.04%)

Gains from the glovemakers heavyweights propelled the FBM KLCI (+1.0%) higher alongside with the positive sentiment across regional markets on Wednesday. Market breadth turned positive as winners outstripped the losers on a ratio of 582-to-406 stocks. The healthcare sector (+7.5%) resume its' rally boosted by Supermax (+RM1.15), Top Glove (+RM1.04) and Hartalega (+88.0 sen) following the recent spike in number of Covid-19 cases in Malaysia.

Top 3 Active stocks:
SANICHI (0133): RM0.09 (+3.0 sen)
XOX (0165): RM0.065 (+1.5 sen)

KGROUP (0036): RM0.085 (+1.0 sen)

Volume: 7.20 bln (100-day avg vol: 4.30 bln)
Value: RM4.78 bln
Market Breadth: ⬆:582 ⬇:406
Crude palm oil: RM2,258 (+RM91)

Dow Futures: 25,269 pts (+267 pts)

Source: Bloomberg, M+ Online


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