KLSE Traders Update and Ideas

Evening Market Summary - 3 Jan 2022

mplus313
Publish date: Mon, 03 Jan 2022, 05:56 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web. As I am a Dealer's Representative, I watch and follow the market quite closely, and send updates to my clients regularly.

The daily market update is usually sent out to client's mobile in the morning. While the market summary is sent out in the evening.

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M+ Online Market Wrap - 3 Jan 22

FBM KLCI: 1,549.05 pts (-18.48pts, -1.18%)

The FBM KLCI (-1.2%) pulled back on the first trading day of 2022, mainly due to selldown in IHH (-47.0 sen) and telecommunication heavyweights after year end window dressing activities last Friday. Market breadth, however was positive as the advancers outpaced the decliners on 485-to-436 stocks. The broader market ended mixed with the healthcare sector (-3.0%) being the biggest declining sector, dragged by IHH (-47.0 sen), TOPGLOV (-20.0 sen), and HARTA (-9.0 sen), followed by the telecommunication & media sector (-2.0%), while the plantation sector (+1.7%) was the best-performing sector. 

Top 3 Active stocks:
KGROUP (0036): RM0.015 (unch)
SMTRACK (0169): RM0.235 (+4.5 sen) 

DNEX (4456): RM0.81 (+5.0 sen)

Volume: 2.74 bn (100-day avg vol: 3.81 bn)
Value: RM1.48 bn (100-day avg val: RM2.65 bn)
Market Breadth: ⬆485 ⬇436
Crude palm oil: RM4,871 (+RM174)

Dow Futures: 36,325 pts (+99 pts)

Source: Bloomberg, M+ Online


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