KLSE Traders Update and Ideas

Evening Market Summary - 8 Jun 2023

Publish date: Thu, 08 Jun 2023, 05:33 PM
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 8 Jun 23

FBM KLCI: 1,374.64 pts (-4.01 pts, -0.29%)

The FBM KLCI (-0.29%) drifted lower amid subdued trading activities due to persisted cautious sentiment prior to the US monetary policy decision next week. Market breadth remained negative as the decliners thumped the advancers by 487-to-300 stocks. Broader market was largely in the red with the construction sector (-1.52%) taking the heaviest beating, underpinned by losses in GAMUDA (-13.0 sen), IJM (-3.0 sen), and ECONBHD (-1.0 sen). 

Top 3 Active stocks:
SCIB (9237): RM0.28 (+0.5 sen)
DNEX (4456): RM0.49 (+1.0 sen)

STAR (6084): RM0.47 (-3.0 sen)

Volume: 2.68 bn (100-day avg vol: 3.18 bn)
Value: RM1.61 bn (100-day avg val: RM2.00 bn)
Market Breadth: ⬆️300 ⬇️487
Crude palm oil: RM3,350 (-RM24)

Dow Futures: 33,718 pts (+9 pts)

Source: Bloomberg, M+ Online


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