KLSE Traders Update and Ideas

Evening Market Summary - 14 Jun 2024

Publish date: Fri, 14 Jun 2024, 05:32 PM
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 14 Jun 24

FBM KLCI: 1,607.32 pts (-2.85pts, -0.18%)

The FBM KLCI (-0.18%) ended lower as the index was dragged by selling pressure in Industrial Products heavyweight PMETAL (-18.0 sen), as investors took profit ahead of the long weekend break and mixed overnight performance on Wall Street. Meanwhile, the market breadth was negative as losers led gainers at 677-to-561 stocks. On the broader market, the Transportation & Logistics sector (+0.47%) was the best performing sector on the back of buying interest in AIRPORT (+5.0 sen) and HEXTECH (+2.0 sen), while the Energy sector (-2.40%) was the worst decliner.

Top 3 Active stocks:
MYEG (0138): RM1.05 (-9.0 sen)
JCY (5161): RM0.895 (unch)

DFX (0131): RM0.20 (+4.0 sen)

Volume: 5.64 bn (100-day avg vol: 4.42 bn)
Value: RM3.92 bn (100-day avg val: RM3.21 bn)
Market Breadth: ⬆️561 ⬇️677
Crude palm oil: RM3,955 (+RM19)

Dow Futures: 38,481 pts (-196 pts)

Source: Bloomberg, M+ Online


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