KLSE Traders Update and Ideas

Evening Market Summary - 14 Jul 2022

Publish date: Thu, 14 Jul 2022, 06:04 PM
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 14 Jul 22 
FBM KLCI: 1,420.06 pts (+8.74pts, +0.62%) 
The FBM KLCI (+0.62%) staged a rebound from its 52-week low that outperformed the downbeat sentiment on Wall Street overnight and a mixed regional markets, as investors tuned into bargain hunting mode. Market breadth, however, remained negative as the decliners outpaced the advancers by 454-to-332 stocks. The energy sector (-1.47%) dipped further on the back of subdued crude oil price, with YINSON (-4.0 sen), ARMADA (-2.0 sen), and VELESTO (-0.5 sen) leading the loss. Meanwhile, the healthcare sector (+1.08%) emerged as the biggest winning sector.   
Top 3 Active stocks
MTRONIC (0043): RM0.09 (+2.0 sen) 
TWL (7079): RM0.06 (-0.5 sen) 
TOPGLOV (7113): RM1.02 (+1.0 sen) 
Volume: 2.01 bn (100-day avg vol: 2.93 bn) 
Value: RM1.20 bn (100-day avg val: RM2.34 bn) 
Market Breadth: ⬆️332 ⬇️454 
Crude palm oil: RM3,549 (-RM212) 
Dow Futures: 30,421 pts (-337 pts) 
Source: Bloomberg, M+ Online


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