KLSE Traders Update and Ideas

Evening Market Summary - 30 May 2023

Publish date: Tue, 30 May 2023, 05:54 PM
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 30 May 23

FBM KLCI: 1,396.91 pts (-8.02 pts, -0.57%)

The FBM KLCI (-0.57%) slid below the key 1,400 level amidst mixed regional market as profit taking activities emerged. Market breadth remained negative as the decliners outbeat the advancers by 466-to-358 stocks. The energy sector (+1.62%) outperformed the broader market along with rising crude oil price, led by DIALOG (+4.0 sen), VELESTO (+2.0 sen), and YINSON (+5.0 sen). 

Top 3 Active stocks:
DNEX (4456): RM0.415 (+2.5 sen)
YTL (4677): RM0.91 (+1.0 sen)

WIDAD (0162): RM0.435 (+0.5 sen)

Volume: 2.38 bn (100-day avg vol: 3.17 bn)
Value: RM2.01 bn (100-day avg val: RM1.97 bn)
Market Breadth: ⬆️358 ⬇️466
Crude palm oil: RM3,556 (-RM8)

Dow Futures: 33,217 pts (+92 pts)

Source: Bloomberg, M+ Online


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