KLSE Traders Update and Ideas

Evening Market Summary - 5 Jun 2024

Publish date: Wed, 05 Jun 2024, 05:54 PM
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 5 Jun 24

FBM KLCI: 1,608.53 pts (-6.87pts, -0.43%)

The FBM KLCI (-0.43%) ended lower as the index was dragged by selling pressure in selected banking heavyweights, in line with the mxied performance of the regional markets as investors traded cautiously amid the lack of clear positive catalysts. Meanwhile, market breadth was negative as losers led gainers at 599-to-547 stocks. On the broader market, the Telco & Media sector (+1.26%) was the best performing sector on the back of buying interest in CDB (+2.0 sen) and ASTRO (+2.0 sen). Meanwhile, the Energy sector (-1.50%) was the worst decliner.

Top 3 Active stocks:
DNEX (4456): RM0.48 (+2.0 sen)
DSONIC (5216): RM0.52 (+1.5 sen)

JCY (5161): RM0.615 (+2.0 sen)

Volume: 4.28 bn (100-day avg vol: 4.38 bn)
Value: RM3.40 bn (100-day avg val: RM3.15 bn)
Market Breadth: ⬆️547 ⬇️599
Crude palm oil: RM3,903 (-RM18)
Dow Futures: 38,836 pts (+49 pts)
*Source: Bloomberg, M+ Online


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