KLSE Traders Update and Ideas

Evening Market Summary - 7 Jun 2023

Publish date: Wed, 07 Jun 2023, 05:57 PM
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 7 Jun 23

FBM KLCI: 1,378.65 pts (-4.52 pts, -0.33%)

The FBM KLCI (-0.33%) reversed its previous session gains amidst mixed regional markets as investors anticipated a slower economic recovery in China in view of its higher-than-expected drop in May export data. Market breadth remained negative as the decliners led the advancers by 495-to-378 stocks. The broader market indices were largely in the red, the energy sector (-0.91%) slid with ARMADA (-3.0 sen), MHB (-2.5 sen), and PETRONM (-11.0 sen) taking the beating. 

Top 3 Active stocks:
BORNOIL (7036): RM0.015 (unch)
ARMADA (5210): RM0.455 (-3.0 sen)

EDELTEQ (0278): RM0.73 (+49.0 sen)

Volume: 3.12 bn (100-day avg vol: 3.19 bn)
Value: RM1.73 bn (100-day avg val: RM2.01 bn)
Market Breadth: ⬆️378 ⬇️495
Crude palm oil: RM3,374 (-RM47)

Dow Futures: 33,573 pts (-44 pts)

Source: Bloomberg, M+ Online


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