KLSE Traders Update and Ideas

Evening Market Summary - 30 May 2022

mplus313
Publish date: Mon, 30 May 2022, 05:53 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 - 30 May 22

FBM KLCI: 1,543.02 pts (-3.74pts, -0.24%)

The FBM KLCI (-0.24%) bucked the regional trend and dipped into the negative territory, snapping its three-session consecutive gains as profit taking activities emerged. Market breadth remained negative as the decliners outpaced the advancers by 497-to-412 stocks. The energy sector (+1.95%) continued to rebound, led by HENGYUAN (+3.5 sen), HIBISCS (+4.0 sen), and SAPNRG (+0.5 sen) in tandem with the solid Brent oil price. Meanwhile, the technology sector (+1.61%) followed Nasdaq higher. 

Top 3 Active stocks:
G3 (7184): RM0.055 (-1.5 sen)
GPACKET (5218): RM0.08 (unch)

SAPNRG (5218): RM0.085 (+0.5 sen)

Volume: 3.05 bn (100-day avg vol: 3.14 bn)
Value: RM1.82 bn (100-day avg val: RM2.40 bn)
Market Breadth: ⬆412 ⬇497
Crude palm oil: RM6,296 (-RM57)

Dow Futures: 33,408 pts (+250 pts)

Source: Bloomberg, M+ Online


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