KLSE Traders Update and Ideas

Evening Market Summary - 18 May 2023

mplus313
Publish date: Thu, 18 May 2023, 06:13 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 18 May 23

FBM KLCI: 1,428.04 pts (+3.70 pts, +0.26%)

The FBM KLCI (+0.26%) advanced to close at intraday high in tandem with the positive regional markets with selected banking and consumer related heavyweights leading the gains. Market breadth was positive as the advancers led the decliners by 477-to-355 stocks. Broader market ended largely in green, with the health care sector (+3.71%) surging on the back of persisted buying momentum in HARTA (+31.0 sen), TOPGLOV (+6.0 sen), and IHH (+5.0 sen).  Meanwhile, investors piled into energy counters (+1.25%) such as ARMADA (+1.5 sen), HIBISCS (+3.5 sen), and DIALOG (+1.0 sen). 

Top 3 Active stocks:
REVENUE (0200): RM0.305 (-0.5 sen)
TOPGLOV (7113): RM1.17 (+6.0 sen)

VELESTO (5243): RM0.255 (+0.5 sen)

Volume: 2.65 bn (100-day avg vol: 3.19 bn)
Value: RM1.82 bn (100-day avg val: RM1.96 bn)
Market Breadth: ⬆️477 ⬇️355
Crude palm oil: RM3,406 (-RM28)

Dow Futures: 33,484 pts (+6 pts)

Source: Bloomberg, M+ Online


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