KLSE Traders Update and Ideas

Evening Market Summary - 17 May 2024

Publish date: Fri, 17 May 2024, 05:41 PM
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 17 May 24

FBM KLCI: 1,616.58 pts (+5.47pts, +0.34%)

The FBM KLCI (+0.34%) ended higher as investors are optimistic after Malaysia's 1Q24 GDP beat consensus expectations, while on the index buying interest was seen in the YTL-related stocks with their quarterly results due this month. Meanwhile, market breadth was positive as gainers outnumbered losers at 846-to-374 stocks. On the broader market, the Technology sector (+2.54%) was the leading sector on the back of buying support in MPI (+310.0 sen) and UNISEM (+10.0 sen), while the Plantation sector (-0.30%) declined with IOICORP falling 4.0 sen.

Top 3 Active stocks:
INGENIEU (5178): RM0.095 (+2.0 sen)
DNEX (4456): RM0.44 (+4.0 sen)

REVENUE (0200): RM0.225 (-0.5 sen)

Volume: 7.23 bn (100-day avg vol: 4.24 bn)
Value: RM4.54 bn (100-day avg val: RM2.93 bn)
Market Breadth: ⬆️846 ⬇️374
Crude palm oil: RM3,899 (+RM95)

Dow Futures: 39,971 pts (-39 pts)

Source: Bloomberg, M+ Online


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