KLSE Traders Update and Ideas

Evening Market Summary - 7 Jun 2024

Publish date: Fri, 07 Jun 2024, 05:56 PM
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 7 Jun 24

FBM KLCI: 1,617.86 pts (+3.13pts, +0.19%)

The FBM KLCI (+0.19%) ended higher as the index was lifted by buying pressure in selected industrial products heavyweights, while there were no negative sector today possibly due to ECB's rate cut fueling optimism in the market. Meanwhile, the market breadth was positive as gainers outpaced losers at 818-to-395 stocks. On the broader market, the Healthcare sector (+2.93%) was the best performing sector on the back of buying interest in HARTA (+22.0 sen) and TOPGLOV (+6.0 sen) as analysts predict lowering raw material costs and sustained glove ASP.

Top 3 Active stocks:
JAKS (4723): RM0.155 (+2.5 sen)
YNHPROP (3158): RM0.64 (+16.0 sen)

JTGROUP (0292): RM0.435 (+8.0 sen)

Volume: 5.73 bn (100-day avg vol: 4.35 bn)
Value: RM4.05 bn (100-day avg val: RM3.16 bn)
Market Breadth: ⬆️818 ⬇️395
Crude palm oil: RM3,988 (+RM28)

Dow Futures: 38,939 pts (-16 pts)

Source: Bloomberg, M+ Online


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