KLSE Traders Update and Ideas

Evening Market Summary - 18 May 2022

Publish date: Wed, 18 May 2022, 05:51 PM
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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.

Want to receive the daily market update straight in your mobile phone? Open a trading account: http://klse.i3investor.com/jsp/partner/my/mplus.jsp

M+ Online Market Wrap - 18 May 22

FBM KLCI: 1,554.91 pts (+6.31pts, +0.41%)

The FBM KLCI (+0.41%) notched higher for the third straight session, buoyed by rebound in global stock exchanges and most of the banking heavyweights closed in the positive territories. Market breadth was neutral with the gainers-to-losers ratio stood around 1-to-1. Meanwhile, the energy sector (+1.15%) extended winning streak amid firmer crude oil price, underpinned by gains in DIALOG (+7.0 sen), YINSON (+16.0 sen), and ARMADA (+2.0 sen). 

Top 3 Active stocks:
SAPNRG (5218): RM0.075 (unch)
TECHNAX (2739): RM0.05 (-3.0 sen)

SERBADK (5279): RM0.16 (-0.5 sen)

Volume: 3.74 bn (100-day avg vol: 3.09 bn)
Value: RM2.26 bn (100-day avg val: RM2.37 bn)
Market Breadth: ⬆460 ⬇464
Crude palm oil: RM6,151 (+RM35)

Dow Futures: 32,501 pts (-80 pts)

Source: Bloomberg, M+ Online


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