KLSE Traders Update and Ideas

Evening Market Summary - 25 Apr 2022

mplus313
Publish date: Mon, 25 Apr 2022, 06:08 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 - 25 Apr 22

FBM KLCI: 1,589.98 pts (-11.99pts, -0.75%)

The FBM KLCI (-0.75%) fell in tandem with the regional peers, dipping below the 1,600 level following the steep decline on Wall Street overnight due to weaker-than-expected earnings and more hawkish interest rate hikes environment. Market breadth remained negative as the decliners hammered the advancers by 876-to-236 stocks. The plantation sector (+2.90%) was the sole gainer on the negative broader market, led by IOI (+30.0 sen), KLK (+100.0 sen), and SIMEPLT (+9.0 sen), while the energy sector (-2.87%) was the biggest loser with the Brent oil trading below the SMA50 zone.

Top 3 Active stocks:
TECHNAX (2739): RM0.11 (+0.5 sen)
VIZIONE (7070): RM0.10 (-0.5 sen)

TWL (7079): RM0.085 (-0.5 sen)

Volume: 3.13 bn (100-day avg vol: 3.13 bn)
Value: RM2.64 bn (100-day avg val: RM2.44 bn)
Market Breadth: ⬆236 ⬇876
Crude palm oil: RM6,209 (-RM146)

Dow Futures: 33,411 pts (-317 pts)

Source: Bloomberg, M+ Online


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