KLSE Traders Update and Ideas

Evening Market Summary - 6 Jul 2022

mplus313
Publish date: Wed, 06 Jul 2022, 05:40 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 - 6 Jul 22

FBM KLCI: 1,420.85 pts (-19.96pts, -1.39%)

The FBM KLCI (-1.39%) plummeted througout the session in tandem with the selling pressure from Wall Street overnight; consumer and plantation heavyweights led the losses. Meanwhile, BNM has increase the OPR by 25 basis points. Market breadth remained negative as the decliners hammered the advancers by 717-to-208 stocks. All 13 sectorial indices ended lower in another broad-based rout; worst performing sectors include the energy sector (-5.11%), dragged by DIALOG (-5.0 sen), PETRONM (-71.0 sen), and HIBISCS (-7.5 sen), followed by the plantation sector (-5.04%) as both the sectors were hit by the underlying declining commodity prices. 

Top 3 Active stocks:
VELESTO (5243): RM0.09 (-1.0 sen)
HIBISCS (5199): RM0.925 (-7.5 sen)

SAPNRG (5218): RM0.045 (unch)

Volume: 2.16 bn (100-day avg vol: 3.00 bn)
Value: RM1.63 bn (100-day avg val: RM2.40 bn)
Market Breadth: ⬆️208 ⬇️717
Crude palm oil: RM3,980 (-RM194)

Dow Futures: 30,840 pts (-96 pts)

Source: Bloomberg, M+ Online


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