KLSE Traders Update and Ideas

Evening Market Summary - 13 May 2024

Publish date: Mon, 13 May 2024, 10:34 AM
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 13 May 24

FBM KLCI: 1,602.91 pts (+2.24pts, +0.14%)

The FBM KLCI (+0.14%) ended marginally higher, as the gains in gaming heavyweights was offset by losses in the utilities heavyweight. Genting Bhd (+21.0 sen) rose after its Singaporean counterpart reported strong earnings due to the stronger influx of Chinese tourist. Market breadth, was however positive with gainers outpaced losers at 642-to-494 stocks. On the broader market, the Transportation & Logistics sector (+1.89%) was the leading sector on the back of buying support in AIRPORT (+16.0 sen) and CHGP (+29.0 sen), while the Energy sector (-0.74%) declined with DAYANG falling 8.0 sen.

Top 3 Active stocks:
MMAG (0034): RM0.375 (+17.5 sen)
MYEG (0138): RM0.995 (+1.0 sen)

TWL (7079): RM0.025 (unch)

Volume: 4.53 bn (100-day avg vol: 4.17 bn)
Value: RM3.01 bn (100-day avg val: RM2.89 bn)
Market Breadth: ⬆️642 ⬇️494
Crude palm oil: RM3,874 (+RM65)

Dow Futures: 39,658 pts (+16 pts)

Source: Bloomberg, M+ Online


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