KLSE Traders Update and Ideas

Evening Market Summary - 20 May 2024

Publish date: Mon, 20 May 2024, 05:55 PM
0 3,727
This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 20 May 24

FBM KLCI: 1,627.50 pts (+10.88pts, +0.67%)

The FBM KLCI (+0.67%) ended higher as investors are still optimistic after Malaysia's 1Q24 GDP came in above expectations, while the index buying interest was seen in the PMETAL (+19.0 sen) amid the recent surge in aluminium spot prices. Meanwhile, market breadth was positive as gainers outnumbered losers at 840-to-460 stocks. On the broader market, the Construction sector (+2.46%) was the leading sector on the back of buying support in GAMUDA (+22.0 sen) and IJM (+5.0 sen).

Top 3 Active stocks:
INGENIEU (5178): RM0.08 (-1.5 sen)
TOPGLOV (7113): RM1.19 (-1.0 sen)

VELESTO (5243): RM0.29 (+0.5 sen)

Volume: 6.98 bn (100-day avg vol: 4.28 bn)
Value: RM4.37 bn (100-day avg val: RM2.95 bn)
Market Breadth: ⬆️840 ⬇️460
Crude palm oil: RM3,921 (+RM29)

Dow Futures: 40,143 pts (+6 pts)

Source: Bloomberg, M+ Online


The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.

Be the first to like this. Showing 0 of 0 comments

Post a Comment