KLSE Traders Update and Ideas

Evening Market Summary - 13 Jun 2022

Publish date: Mon, 13 Jun 2022, 06:13 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.

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M+ Online Market Wrap - 13 Jun 22

FBM KLCI: 1,464.83 pts (-29.12pts, -1.95%)
The FBM KLCI (-1.95%) logged a downward trend for the eighth straight session, closing below the 52-week low of 1,475 level amid higher inflationary pressure and in the anticipation of more hawkish tone from the US Fed. Market breadth remained negative as the decliners overtook the advancers by 1084-to-138 stocks. Market selloff reverberated across all sectors, with the technology sector (-5.67%) being hit the hardest, dragged by HONGSENG (-22.0 sen), GREATEC (-38.0 sen), and INARI (-11.0 sen). Meanwhile, the healthcare (-3.97%) and energy (-3.94%) sectors were among the worst-performing sectors. 
Top 3 Active stocks:
FINTEC (0150): RM0.01 (-0.5 sen)
BCMALL (0187): RM0.025 (unch)

SAPNRG (5218): RM0.05 (unch)

Volume: 3.27 bn (100-day avg vol: 3.06 bn)
Value: RM2.26 bn (100-day avg val: RM2.45 bn)
Market Breadth: ⬆138 ⬇1084
Crude palm oil: RM5,798 (-RM122)

Dow Futures: 30,717 pts (-642 pts)

Source: Bloomberg, M+ Online


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