KLSE Traders Update and Ideas

Evening Market Summary - 24 May 2024

Publish date: Fri, 24 May 2024, 05:36 PM
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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


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