KLSE Traders Update and Ideas

Evening Market Summary - 29 Jul 2020

mplus313
Publish date: Wed, 29 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: 1,611.42 pts (+1.48pts, +0.09%)

The FBM KLCI (+0.1%) endured a volatile trading session before finding some footing as the key index recovered all its intraday losses in the second half of the trading session on quick to bargain hunting activities among beaten down stocks. Market breadth turned negative as losers outmuscled the losers by a ratio of 685-to-398 stocks. Notable advancers were rubber glove manufacturers like Kossan (+62.0 sen), Rubberex (+45.0 sen) and Careplus (+32.0 sen).

Top 3 Active stocks:
XOX (0165): RM0.255 (-2.5 sen)
K1 (0111): RM0.47 (+4.5 sen)
KGROUP (0036): RM0.095 (-0.5 sen)

Volume: 10.54 bln (100-day avg vol: 6.69 bln)
Value: RM6.95 bln
Market Breadth: ⬆:398 ⬇:685
Crude palm oil: RM2,636 (+RM33)
Dow Futures: 26,308 pts (+11 pts)

Source: Bloomberg, M+ Online


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