KLSE Traders Update and Ideas

Evening Market Summary - 8 Jun 2022

Publish date: Wed, 08 Jun 2022, 05:38 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 - 8 Jun 22

FBM KLCI: 1,523.86 pts (-2.07pts, -0.14%)
The FBM KLCI (-0.14%) booked marginal losses falling the fifth session, succumbing to selling pressure in selected industrial, telecommunication, and healthcare heavyweights. Market breadth remained negative as the losers and winners were on a ratio of 7-to-5. The healthcare sector (-1.17%) witnessed a heavy selldown prior to TOPGLOV’s results, triggered by softer earnings expectations due to normalising ASP and rising costs; HARTA (-18.0 sen), TOPGLOV (-7.0 sen), and SUPERMX (-3.0 sen) led the decline. 
Top 3 Active stocks:
DYNACIA (5178): RM0.145 (-2.5 sen)
LGMS (0249): RM0.845 (+34.5 sen)

BCMALL (0187): RM0.025 (unch)

Volume: 3.26 bn (100-day avg vol: 3.12 bn)
Value: RM1.96 bn (100-day avg val: RM2.45 bn)
Market Breadth: ⬆388 ⬇524
Crude palm oil: RM6,461 (-RM44)

Dow Futures: 32,989 pts (-176 pts)

Source: Bloomberg, M+ Online


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