KLSE Traders Update and Ideas

Evening Market Summary - 11 Jun 2024

Publish date: Tue, 11 Jun 2024, 05:50 PM
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 11 Jun 24

FBM KLCI: 1,611.49 pts (-2.88pts, -0.18%)

The FBM KLCI (-0.18%) ended lower as the index was dragged by selling pressure in selected industrial and consumer products heavyweights, investors are cautious ahead of the upcoming 2-day FOMC meeting to gauge the future interest rate direction. Meanwhile, the market breadth, however was positive as gainers outpaced losers at 797-to-496 stocks. On the broader market, the Construction sector (+4.29%) was the best performing sector on the back of buying interest in GAMUDA (+28.0 sen) and SUNCON (+43.0 sen) as the sector garnered positive interest from the Data Centre contracts.

Top 3 Active stocks:
HM (0060): RM0.105 (+1.0 sen)
JCY (5161): RM0.795 (+13.0 sen)

SNS (0259): RM0.755 (+10.5 sen)

Volume: 6.98 bn (100-day avg vol: 4.37 bn)
Value: RM5.12 bn (100-day avg val: RM3.15 bn)
Market Breadth: ⬆️797 ⬇️496
Crude palm oil: RM3,917 (-RM2)

Dow Futures: 38,846 pts (-83 pts)

Source: Bloomberg, M+ Online


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