KLSE Traders Update and Ideas

Evening Market Summary - 2 Jun 2023

Publish date: Fri, 02 Jun 2023, 05:36 PM
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 2 Jun 23

FBM KLCI: 1,381.26 pts (-1.75 pts, -0.13%)

The FBM KLCI (-0.13%) slipped for the fourth straight session, bucking the regional uptrend move on selldown in banking and selected consumer related heavyweights. Market breadth however, turned positive as the advancers hammered the decliners by 568-to-336 stocks. The technology sector (+1.15%) advanced following the sharp gains on Wall Street Nasdaq overnight, with INARI (+6.0 sen), DNEX (+6.5 sen), and MPI (+44.0 sen) taking the lead. 

Top 3 Active stocks:
KNM (7164): RM0.08 (+1.5 sen)
DNEX (4456): RM0.515 (+6.5 sen)

MYEG (0138): RM0.85 (+1.0 sen)

Volume: 3.60 bn (100-day avg vol: 3.19 bn)
Value: RM1.94 bn (100-day avg val: RM2.00 bn)
Market Breadth: ⬆️568 ⬇️336
Crude palm oil: RM3,375 (+RM90)

Dow Futures: 33,261 pts (+158 pts)

Source: Bloomberg, M+ Online


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