KLSE Traders Update and Ideas

Evening Market Summary - 9 Mar 2022

Publish date: Wed, 09 Mar 2022, 06:10 PM
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 9 Mar 22

FBM KLCI: 1,562.33 pts (+15.46pts, +1.00%)

The FBM KLCI (+1.00%) snapped the three-session losing streak and closed higher on the back of bargain hunting activities despite the cautious sentiment on the regional markets amid the Russia-Ukraine tension. Market breadth turned positive as the gainers outnumbered the losers by 799-to-272 stocks. The broader market traded in a positive tone as most sectorial indices turned green except for the healthcare sector (-0.41%). Meanwhile, the technology sector (+8.15%) staged a strong rebound after seven-straight session of heavy selldown, lifted by FRONTKN (+41.0 sen), MPI (+278.0 sen), and VITROX (+56.0 sen).  

Top 3 Active stocks:
SMTRACK (0169): RM0.085 (-2.0 sen)
DNEX (4456): RM1.05 (+11.5 sen)

DATAPRP (8338): RM0.365 (+10.0 sen)

Volume: 3.51 bn (100-day avg vol: 3.34 bn)
Value: RM3.51 bn (100-day avg val: RM2.50 bn)
Market Breadth: ⬆799 ⬇272
Crude palm oil: RM7,199 (+RM783)

Dow Futures: 33,044 pts (+442 pts)

Source: Bloomberg, M+ Online


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