KLSE Traders Update and Ideas

Evening Market Summary - 8 Sept 2020

mplus313
Publish date: Tue, 08 Sep 2020, 05:19 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,519.32 pts (+2.94pts, +0.19%)

Once again, the eleventh hour buying support in selected index heavyweights lifted the FBM KLCI (+0.2%) to close in the positive territory alongside with the mostly positive performance across regional peers. Market breadth stayed negative as losers outpaced the gainers on a ratio of 867-to-309 stocks. Amidst the mixed market, the healthcare sector (-4.0%) remain as the biggest decliner on weakness from glove manufacturers like Kossan (-RM1.20), Top Glove (-64.0 sen) and Supermax (-59.0 sen).

Top 3 Active stocks:
EVERGRN (5101): RM0.335 (+7.5 sen)
PHB (4464): RM0.03 (unch)
TRIVE (0118): RM0.02 (unch)

Volume: 9.04 bln (100-day avg vol: 8.92 bln)
Value: RM4.57 bln
Market Breadth: ⬆:309 ⬇:867
Crude palm oil: RM2,875 (+RM71)
Dow Futures: 28,091 pts (+17 pts)

Source: Bloomberg, M+ Online


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