KLSE Traders Update and Ideas

Evening Market Summary - 20 May 2024

mplus313
Publish date: Mon, 20 May 2024, 05:55 PM
mplus313
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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


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