KLSE Traders Update and Ideas

Evening Market Summary - 21 Jul 2020

mplus313
Publish date: Tue, 21 Jul 2020, 05:11 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,595.93 pts (+6.48pts, +0.41%)

The FBM KLCI (+0.4%) rebounded alongside with gains across regional peers, boosted by gains in selected banking heavyweights as the key index hovers mostly in the positive territory yesterday. Market breadth turned positive as gainers outnumbered the losers by a ratio of 634-to-428 stocks. The energy sector (+4.5%) was the biggest winner on gains from Heng Yuan (+10.0 sen), Serba Dinamik (+7.0 sen) and Yinson (+7.0 sen) as crude oil prices advanced on the expectations over rising demand due to the positive developments over Covid-19 vaccine.

Top 3 Active stocks:
PWORTH (7123): RM0.025 (unch)
XOX (0165): RM0.175 (-0.5 sen)
VC (0060): RM0.08 (+1.5 sen)

Volume: 9.34 bln (100-day avg vol: 6.27 bln)
Value: RM5.39 bln
Market Breadth: ⬆:634 ⬇:428
Crude palm oil: RM2,669 (+RM8)
Dow Futures: 26,812 pts (+179 pts)

Source: Bloomberg, M+ Online


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