KLSE Traders Update and Ideas

Evening Market Summary - 17 Jul 2020

mplus313
Publish date: Fri, 17 Jul 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: 1,596.33 pts (+23.02pts, +1.46%)

The FBM KLCI (+1.46%) rebounded strongly and overall market boosted by healthcare sector (+7.1%), followed by construction (+1.4%) and technology (+1.3%) sectors; healthcare sector was up due to the top 4 gloves titans, which recovered strongly from yesterday's broad selling activities. In line with the regional stock markets, small cap and selected ACE market counters trended positively, popping into the active list as well. Market breadth was positive as gainers outpaced the losers by a ratio of 2-to-1. Meanwhile, FRONTKN, MYEG, PENTA were the leaders in the technology sector.

Top 3 Active stocks:
XOX (0165): RM0.15 (+4.5 sen)
LAMBO (0018): RM0.04 (+1.0 sen)
PHB (4464): RM0.025 (unch)

Volume: 9.50 bln (100-day avg vol: 6.12 bln)
Value: RM5.85 bln
Market Breadth: ⬆:691 ⬇:340
Crude palm oil: RM2,613 (+RM93)
Dow Futures: 26,582 pts (+29 pts)

Source: Bloomberg, M+ Online


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