KLSE Traders Update and Ideas

Evening Market Summary - 24 May 2024

mplus313
Publish date: Fri, 24 May 2024, 05:36 PM
mplus313
0 3,729
This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 24 May 24

FBM KLCI: 1,619.40 pts (-9.78pts, -0.60%)

The FBM KLCI (-0.66%) ended lower as profit taking activities were seen in utilities heavyweights, notably the YTL-related counters despite posting strong earnings. Meanwhile, market breadth was negative as losers outnumbered gainers at 845-to-450 stocks. On the broader market, the Technology sector (+0.50%) was the leading sector on the back of buying support in INARI (+21.0 sen) and JCY (+5.0 sen). Meanwhile, the Healthcare sector (-2.62%) was the worst decliner due to selling pressure in TOPGLOV (-8.0 sen). 

Top 3 Active stocks:
AHB (7315): RM0.19 (+2.0 sen)
SNS (0259): RM0.655 (+2.5 sen)

MYEG (0138): RM1.02 (-2.0 sen)

Volume: 5.61 bn (100-day avg vol: 4.35 bn)
Value: RM4.58 bn (100-day avg val: RM3.01 bn)
Market Breadth: ⬆️450 ⬇️845
Crude palm oil: RM3,884 (-RM10)

Dow Futures: 39,216 pts (+63 pts)

Source: Bloomberg, M+ Online


Disclaimer

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.

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

Post a Comment