KLSE Traders Update and Ideas

Evening Market Summary - 6 Aug 2024

mplus313
Publish date: Tue, 06 Aug 2024, 05:49 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,574.39 pts (+37.91pts, +2.47%)

The FBM KLCI (+2.47%) rebounded strongly as the index was lifted by the buying pressure in Utilities and Financials heavyweights namely TENAGA (+48.0 sen) and MAYBANK (+20.0 sen) partly reversing from yesterday's brutal sell-off; more than 90% of the KLCI heavywieghts ended on a positive note. Meanwhile, market breadth was positive as gainers outpaced losers by 1083-to-309 stocks. On the broader market, all sectors were postive, with the Construction sector (+4.83%) rising the most."

Top 3 Active stocks:
CEB (5311):  RM0.405 (-16.0 sen)
MYEG (0138): RM0.885 (+6.0 sen)

JIANKUN (8923): RM0.080 (-3.0 sen)

Volume: 6.40 bn (100-day avg vol: 4.77 bn)
Value: RM5.32 bn (100-day avg val: RM3.52 bn)
Market Breadth: ⬆️1083⬇️1309
Crude palm oil: RM3,713 (-RM74)

Dow Futures: 38,917 pts (+69 pts)

**Source: Bloomberg, M+ **


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