KLSE Traders Update and Ideas

Evening Market Summary - 12 Oct 2020

mplus313
Publish date: Mon, 12 Oct 2020, 05:15 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,518.43 pts (-11.92pts, -0.78%)

The FBM KLCI started off the week on a dour note as the key index lingered in the negative territory for the entire trading session as the nation's economic recovery is marred by the re-implementation of Conditional Movement Control Order (CMCO) at Selangor, Kuala Lumpur and Putrajaya for 2 weeks. Market breadth turned negative as losers overtook the gainers on a ratio of 573-to-496 stocks. The healthcare sector (+2.5%) outperformed the mostly negative broader market, boosted by gains from Pharmaniaga (+50.0 sen), Supermax (+42.0 sen) and Kossan (+22.0 sen).

Top 3 Active stocks:
ASB (1481): RM0.205 (-6.0 sen)
XOX (0165): RM0.12 (unch)
PASUKGB (0177): RM0.06 (-1.5 sen)

Volume: 5.98 bln (100-day avg vol: 9.19 bln)
Value: RM3.82 bln
Market Breadth: ⬆:496 ⬇:573
Crude palm oil: RM2,997 (+RM86)
Dow Futures: 28,513 pts (-5 pts)

Source: Bloomberg, M+ Online


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