KLSE Traders Update and Ideas

Evening Market Summary - 10 Jun 2022

mplus313
Publish date: Fri, 10 Jun 2022, 05:43 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 - 10 Jun 22

FBM KLCI: 1,493.95 pts (-15.76pts, -1.04%)
The FBM KLCI (-1.04%) plunged below the critical 1,500 level, tracking most of the regional markets’ and overnight Wall Street movements. Market breadth remained negative as the losers outpaced the gainers by 592-to-303 stocks. The broader market was splashed in red, with the healthcare sector (-2.47%) suffered another round of selloff on the back of concerns over high operating costs and lower utilisation rate; TOPGLOV (-9.0 sen), HARTA (-15.0 sen), and KOSSAN (-11.0 sen) led the decline. Meanwhile, the energy sector (-2.20%) staged a pullback. 
 
Top 3 Active stocks:
BORNOIL (7036): RM0.025 (unch)
LGMS (0249): RM0.755 (+4.0 sen)

MQTECH (0070): RM0.05 (-0.5 sen)

Volume: 2.26 bn (100-day avg vol: 3.07 bn)
Value: RM1.69 bn (100-day avg val: RM2.45 bn)
Market Breadth: ⬆254 ⬇667
Crude palm oil: RM6,026 (-RM184)

Dow Futures: 32,232 pts (-31 pts)

Source: Bloomberg, M+ Online


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