KLSE Traders Update and Ideas

Evening Market Summary - 14 May 2024

Publish date: Tue, 14 May 2024, 05:51 PM
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 14 May 24

FBM KLCI: 1,605.19 pts (+2.91pts, +0.14%)

The FBM KLCI (+0.19%) ended higher, as the index was still supported by the YTL-related counters suggesting that the AI optimism is still intact. Market breadth, was however positive with gainers outpaced losers at 600-to-512 stocks. On the broader market, the Utilities sector (+1.32%) was the leading sector on the back of buying support in YTL (+13.0 sen) and YTLPOWR (+12.0 sen), while the Healthcare sector (-0.70%) declined with IHH falling 4.0 sen.

Top 3 Active stocks:
FPHB (0304): RM0.41 (+17.0 sen)
PMHLDG (1287): RM0.325 (+4.0 sen)

MMAG (0034): RM0.37 (-0.5 sen)

Volume: 4.69 bn (100-day avg vol: 4.18 bn)
Value: RM3.20 bn (100-day avg val: RM2.90 bn)
Market Breadth: ⬆️600 ⬇️512
Crude palm oil: RM3,893 (-RM15)

Dow Futures: 39,579 pts (+20 pts)

Source: Bloomberg, M+ Online


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