KLSE Traders Update and Ideas

Evening Market Summary - 16 Mar 2022

mplus313
Publish date: Wed, 16 Mar 2022, 06:11 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 - 16 Mar 22

FBM KLCI: 1,571.32 pts (+13.91pts, +0.89%)

The FBM KLCI (+0.89%) snapped the three-day losing streak and rebounded strongly along with the regional peers after China vowed to keep its stock market stable and resolve sthe property risks. Market breadth turned positive as the gainers thumped the losers by 732-to-263 stocks. The technology sector (+5.10%) saw a stunning rebound after the abovementioned factor, led by INARI (+14.0 sen), GREATEC (+37.0 sen), and D&O (+31.0 sen). Meanwhile, the construction sector (+4.99%) gained traction following the updates of the MRT3. 

Top 3 Active stocks:
DNEX (4456): RM1.00 (+8.0 sen)
BSLCORP (7221): RM0.21 (-0.5 sen)

WIDAD (0162): RM0.34 (unch)

Volume: 2.59 bn (100-day avg vol: 3.25 bn)
Value: RM2.71 bn (100-day avg val: RM2.48 bn)
Market Breadth: ⬆732 ⬇263
Crude palm oil: RM5,998 (+RM193)

Dow Futures: 33,725 pts (+298 pts)

Source: Bloomberg, M+ Online


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