KLSE Traders Update and Ideas

Evening Market Summary - 31 May 2023

Publish date: Wed, 31 May 2023, 06:02 PM
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 31 May 23

FBM KLCI: 1,387.12 pts (-9.79 pts, -0.70%)

The FBM KLCI (-0.70%) drifted further from the 1,400 level in tandem with regional markets’ decline as contraction of Chinese manufacturing PMI sparked worries over economy recovery. Market breadth remained negative as the decliners thumped the advancers by 521-to-360 stocks. The construction sector (+2.20%) was the biggest winning sector, led by GAMUDA (+18.0 sen), IJM (+6.0 sen), and WCT (+1.0 sen). 

Top 3 Active stocks:
MYEG (0138): RM0.84 (+5.0 sen)
RADIUM (5313): RM0.385 (-11.5 sen)

YTL (4677): RM0.97 (+6.0 sen)

Volume: 3.54 bn (100-day avg vol: 3.18 bn)
Value: RM5.25 bn (100-day avg val: RM1.97 bn)
Market Breadth: ⬆️360 ⬇️521
Crude palm oil: RM3,399 (-RM157)

Dow Futures: 33,052 pts (-37 pts)

Source: Bloomberg, M+ Online


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