KLSE Traders Update and Ideas

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


Evening Market Summary - 12 Aug 2020

Author:   |    Publish date:

M+ Online Market Wrap - 12 Aug 20

FBM KLCI: 1,556.64 pts (-8.10pts, -0.52%)

Although the FBM KLCI (-0.5%) was traded lower for the fourth straight session, losses were minimal owing to gains in financial giants after the Securities Commission move to increase the gearing limit for Malaysian real estate investment trusts from 50.0% to 60.0% till 31st December 2022. Market breadth stayed negative as losers overwhelmed the gainers by a ratio of 3-to-1 stocks. The financial services sector (+2.0%) emerges as the biggest winner on gains from Public Bank (+48.0 sen), Hong Leong Financial Group (+30.0 sen) and Aeon Credit (+22.0 sen)

Top 3 Active stocks:
SAPNRG (5218): RM0.135 (-1.0 sen)
BORNOIL (7036): RM0.07 (-0.5 sen)

NETX (0020): RM0.02 (unch)

Volume: 19.16 bln (100-day avg vol: 7.98 bln)
Value: RM7.98 bln
Market Breadth: ⬆:315 ⬇:907
Crude palm oil: RM2,670 (+RM27)

Dow Futures: 27,845 pts (+231 pts)

Source: Bloomberg, M+ Online


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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Related Stocks

Chart Stock Name Last Change Volume 
SAPNRG 0.14 +0.005 (3.70%) 68,904,500 
BORNOIL 0.04 0.00 (0.00%) 7,733,400 
NETX 0.095 0.00 (0.00%) 1,728,300 

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dwee Stock under valued . Buy and keep. Rm. 20-40 target.
14/08/2020 8:23 PM

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