KLSE Traders Update and Ideas

Evening Market Summary - 28 Jul 2022

Publish date: Thu, 28 Jul 2022, 05:31 PM
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 28 Jul 22

FBM KLCI: 1,491.20 pts (+20.49pts, +1.39%)

The FBM KLCI (+1.39%) rallied in tandem with the regional bourses following the solid gains on Wall Street overnight, led by selected industrial products & services, energy and telecommunication heavyweights. Market breadth remained positive as the advancers trounced the decliners by 653-to-264 stocks. The energy sector (+3.32%) traded in a positive tone amid rising crude oil price (hovering above USD108), lifted by DIALOG (+12.0 sen), YINSON (+8.0 sen), and ARMADA (+2.0 sen), while the healthcare sector (-0.22%) was the sole declining sector. 

Top 3 Active stocks:
ZENTECH (0094): RM0.04 (-0.5 sen)
MYEG (0138): RM0.765 (+2.0 sen)

MTRONIC (0043): RM0.145 (+1.5 sen)

Volume: 2.83 bn (100-day avg vol: 2.78 bn)
Value: RM1.81 bn (100-day avg val: RM2.15 bn)
Market Breadth: ⬆️653 ⬇️264
Crude palm oil: RM3,985 (+RM159)

Dow Futures: 32,127 pts (-45 pts)

Source: Bloomberg, M+ Online


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