Highlights

KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Tue, 13 Oct 2020, 5:16 PM

 

Evening Market Summary - 29 Apr 2020

Author:   |    Publish date:


FBM KLCI: 1,380.30 pts (+8.10pts, +0.59%)

The FBM KLCI (+0.6%) registered its’ third day winning streak, boosted by the relaxing measures of economic activities under the Phase 4 Movement Control Order (MCO) announced by the government last night. Market breadth turned positive as advancers outnumbered the decliners on a ratio of 629-to-249 stocks. The technology sector (+3.5%) was the biggest winner amongst its peers, supported by Notion Vtec (+24.5 sen), UWC (+23.0 sen) and MI Technovation (+21.0 sen) after obtaining green light to operate at full capacity.

Top 3 Active stocks:
NETX (0020): RM0.015 (+0.5 sen)
XDL (5156): RM0.07 (+0.5 sen)

KGROUP (0036): RM0.095 (+1.5 sen)

Volume: 4.83 bln (100-day avg vol: 3.56 bln)
Value: RM2.46 bln
Market Breadth: ⬆:629 ⬇:249
Crude palm oil: RM2,045 (+RM25)

Dow Futures: 24,227 pts (+182 pts)

Source: Bloomberg, M+ Online


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The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.

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Labels: NETX, XDL, KGROUP

Related Stocks

Chart Stock Name Last Change Volume 
NETX 0.15 +0.005 (3.45%) 56,692,200 
XDL 0.065 -0.005 (7.14%) 12,199,000 
KGROUP 0.06 0.00 (0.00%) 322,010,300 

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foo Covid-19 shifting consumer behaviour in technology-based solutions
CORPORATE NEWS
PETALING JAYA: The ongoing Covid-19 pandemic is causing a shift in consumer behaviour towards favour technology-based solutions for consumers.
“E-commerce, which has relatively low penetration rates in Asean, is seeing a significant leap. Singapore’s online sales jumped by 38% in February, a sharp contrast to the fall of 10% in overall retail sales, ” said Maybank Investment Bank (Maybank IB) in its report.
“Demand for food delivery services – which has lower penetration rates ranging from 1.9% in Indonesia to 5.5% in Philippines – is rising across Asean. With the ban on dine-in services, more food merchants are signing up with delivery platforms such as GrabFood, Foodpanda and Deliveroo, ” it added.
It also notes that telehealthcare is becoming increasingly important in countries with a scarcity of doctors such as Indonesia (0.38 doctor per 1,000 people) and Thailand (0.81) where video consultations have nearly doubled.
Meanwhile the report said that in Singapore, concerns over food supply disruption had increased searches for staples such as eggs, rice and vegetables.
“On the other hand, searches for discretionary items such as footwear, formal wear and cosmetics have plunged, ” it said.
“With people staying home, cooking items and recipes, indoor sports equipment, and entertainment (such as Netflix and Nintendo) are popular searches, ” it added.
The increase in work-from-home policies have also increased demand for office-related equipment (computer monitors and office chairs) and teleconferencing platforms,Maybank IB said.
29/04/2020 7:18 PM


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ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 KANGER 0.185+0.005 
 AT 0.200.00 
 BINTAI 0.795+0.10 
 KGROUP 0.060.00 
 MTRONIC 0.115+0.005 
 ASIABIO-OR 0.015+0.005 
 IRIS 0.36+0.005 
 VIVOCOM 1.01+0.205 
 FINTEC 0.105+0.01 
 SOLUTN 1.27+0.15 

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