KLSE Traders Update and Ideas

Evening Market Summary - 28 Jul 2020

mplus313
Publish date: Tue, 28 Jul 2020, 06:06 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,609.94 pts (+18.46pts, +1.16%)

Gains on glove heavyweights, coupled with the positive sentiment on Wall Street overnight spurred the FBM KLCI (+1.2%) to re-claim the 1,600 psychological level after the key index hovered in the positive territory throughout the entire trading session today.  Market breadth stayed positive as gainers overpowered the losers by a ratio of 631-to-500 stocks. The technology sector (+4.0%) outperformed the mostly positive broader market shored up by Vitrox (+RM1.14), MI Technovation (+37.0 sen) and MPI (+24.0 sen).

Top 3 Active stocks:
XOX (0165): RM0.28 (+3.5 sen)
AT (0072): RM0.095 (+2.0 sen)
KGROUP (0036): RM0.10 (+1.0 sen)

Volume: 11.85 bln (100-day avg vol: 6.62 bln)
Value: RM7.24 bln
Market Breadth: ⬆:631 ⬇:500
Crude palm oil: RM2,576 (-RM96)
Dow Futures: 26,490 pts (+6 pts)

Source: Bloomberg, M+ Online


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