KLSE Traders Update and Ideas

Evening Market Summary - 22 Feb 2024

Publish date: Thu, 22 Feb 2024, 05:49 PM
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 22 Feb 24

FBM KLCI: 1,545.49 pts (-6.91pts, -0.45%)

The FBM KLCI (-0.45%) closed lower, despite the positive regional stock markets' performances, dragged by Utility heavyweights. However, Market breadth was positive as gainers led losers by 571-to-462 stocks. On the broader market, the Technology sector (+3.13%) was the leading sector, led by buying interest in MPI (+260.0 sen) and VITROX (+43.0 sen) following good set of results from selected companies in the Technology sector, while the Utilities sector (-0.96%) fell due to selling pressure in YTLPOWR (-12.0 sen) and TENAGA (-16.0 sen).

Top 3 Active stocks:
HONGSENG (0041): RM0.02 (unch)
RENEUCO (7130): RM0.09 (-0.5 sen)

NOTION (0083): RM0.455 (+14.0 sen)

Volume: 3.72 bn (100-day avg vol: 3.71 bn)
Value: RM2.58 bn (100-day avg val: RM2.38 bn)
Market Breadth: ⬆️571 ⬇️462
Crude palm oil: RM3,851 (-RM12)

Dow Futures: 38,813 pts (+136 pts)

Source: Bloomberg, M+ Online


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