KLSE Traders Update and Ideas

Evening Market Summary - 6 Aug 2020

mplus313
Publish date: Thu, 06 Aug 2020, 05:16 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,588.57 pts (+20.44pts, +1.30%)

Tracking the gains on Wall Street overnight, coupled with the higher crude oil prices, the FBM KLCI (+1.3%) recovered all its intraday losses after hovering in the positive territory for the entire trading session .Market breadth stayed positive as gainers overpowered the losers by a ratio of 716-to-468 stocks. The energy sector (+2.8%) was the biggest winner on gains from Petron Malaysia (+31.0 sen), Heng Yuan (+28.0 sen) and Dialog (+8.0 sen) as crude oil prices rose to 5-months high.

Top 3 Active stocks:
XOX (0165): RM0.27 (+1.0 sen)
NICE (7139): RM0.23 (+11.5 sen)
PHB (4464): RM0.035 (+0.5 sen)

Volume: 16.69 bln (100-day avg vol: 7.23 bln)
Value: RM8.56 bln
Market Breadth: ⬆:716 ⬇:468
Crude palm oil: RM2,771 (+RM54)
Dow Futures: 27,095 pts (+40 pts)

Source: Bloomberg, M+ Online


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