The FBM KLCI index lost 40.62 points or 2.19% on Tuesday. The Finance Index fell 2.22% to 17360.27 points, the Properties Index dropped 1.96% to 1176.72 points and the Plantation Index down 1.11% to 7894.12 points. The market traded within a range of 15.28 points between an intra-day high of 1841.08 and a low of 1825.80 during the session. Actively traded stocks include SUMATEC, SAPNRG, HIBISCS, PDZ-WB, HUAAN, BORNOIL, PUC, UMWOG, HIS-C1X and NETX. Trading volume decreased to 3317.65 mil shares worth RM3508.28 mil as compared to Monday’s 5205.47 mil shares worth RM5322.64 mil.
S&P 500, -113.19 pts to 2,648.94
FBM KLCI, -17.41 pts to 1,853.07
Straits Times, -46.89 pts to 3,482.93
Hang Seng, -356.56 pts to 32,245.22
Shanghai. +25.42 pts to 3,487.50
Gold: +6.78 to USD1,339.68/oz
Crude Oil (Brent): -0.96 to USD67.62/bbl
CPO Futures: +22 to RM2,489 per MT
MYR/USD: +0.0145 to 3.9000
MYR/SGD: -0.0026 to 2.9606
YUAN/MYR: -0.0081 to 1.6135
As it is, our local market breath is still sound and the underlying fundamentals are still good plus the buoyant election fever is still intact.Be prudent in your investment decisions and if you insist to trade; take note & be disciplined on you Stop Loss strategy.
Counters to watch:
A relook at oil counters should be in the book.