KLSE Traders Update and Ideas

Evening Market Summary - 10 Jun 2024

Publish date: Mon, 10 Jun 2024, 06:07 PM
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 10 Jun 24

FBM KLCI: 1,614.37 pts (-3.49pts, -0.22%)

The FBM KLCI (-0.22%) ended lower as the index was dragged by selling pressure in selected industrial products and utilities heavyweights, while optimism in the market may have been slightly tamed as the US nonfarm payroll came in higher-than-expectations which suggests delayed rate cuts. Meanwhile, the market breadth was positive as gainers outpaced losers at 628-to-531 stocks. On the broader market, the Transportation & Logistics sector (+1.73%) was the best performing sector on the back of buying interest in HUBLINE (+3.0 sen) and SYGROUP (+5.5 sen), the former rose after an acquisition announcement, whereas the Healthcare sector (-0.72%) declined the most.

Top 3 Active stocks:
HUBLINE (7013): RM0.07 (+3.0 sen)
JAKS (4723): RM0.175 (+2.0 sen)

TALAMT (2259): RM0.015 (unch)

Volume: 5.96 bn (100-day avg vol: 4.35 bn)
Value: RM3.30 bn (100-day avg val: RM3.16 bn)
Market Breadth: ⬆️628 ⬇️531
Crude palm oil: RM3,927 (-RM48)

Dow Futures: 38,742 pts (-115 pts)

Source: Bloomberg, M+ Online


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