KLSE Traders Update and Ideas

Evening Market Summary - 6 Jul 2023

mplus313
Publish date: Thu, 06 Jul 2023, 05:49 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 - 6 Jul 23

FBM KLCI: 1,385.95 pts (-3.95pts, -0.28%)

The FBM KLCI (-0.28%) continued to decline in tandem with the sharp fall in the regional markets following the ongoing hawkish tone in the Fed's June meeting minutes. Likely, the market might be looking at a rate hike declined a pause last month. Market breadth turned negative with losers staying behind the gainers by 514-to-339 stocks. We believe the BNM keeping the OPR rate at 3.00% may have lifted the property (+0.53%) and REIT (+0.37%) sectors. Meanwhile, the healthcare sector rose 0.36% led by HARTA (+4.0 sen), KOSSAN (+2.0 sen) and TOPGLOV (+0.5 sen)

Top 3 Active stocks:
WIDAD (0162): RM0.42 (+0.5 sen)
JADEM (7043): RM0.225 (+1.5 sen)

BTM (7188): RM0.10 (+0.5 sen)

Volume: 2.45 bn (100-day avg vol: 3.04 bn)
Value: RM1.65 bn (100-day avg val: RM1.91 bn)
Market Breadth: ⬆514 ⬇334
Crude palm oil: RM3,883 (+RM21)

Dow Futures: 34,340 pts (-169 pts)

Source: Bloomberg, M+ Online


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