KLSE Traders Update and Ideas

Evening Market Summary - 26 May 2022

Publish date: Thu, 26 May 2022, 06:04 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 - 26 May 22

FBM KLCI: 1,541.15 pts (+5.59pts, +0.36%)

The FBM KLCI (+0.36%) outperformed the mixed regional markets driven by the bargain hunting activities within banking and telco heavyweights. Market breadth, however, remained negative as the decliners outnumbered the advancers by 557-to-406 stocks. Nevertheless, the technology sector (+2.36%) surged following the rebound on Wall Street overnight;  underpinned by gains in INARI (+9.0 sen), HONGSENG (+12.0 sen), and MPI (+108.0 sen). Meanwhile, the energy sector (-2.01%) witnessed a sharp fall as the sectorial index lost ground for the third consecutive session. 

Top 3 Active stocks:
SERBADK (5279): RM0.115 (+1.5 sen)
SAPNRG (5218): RM0.075 (-1.0 sen)

CYPARK (5184): RM0.395 (+1.5 sen)

Volume: 2.89 bn (100-day avg vol: 3.12 bn)
Value: RM1.97 bn (100-day avg val: RM2.39 bn)
Market Breadth: ⬆406 ⬇557
Crude palm oil: RM6,529 (+RM146)

Dow Futures: 32,092 pts (+16 pts)

Source: Bloomberg, M+ Online


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