KLSE Traders Update and Ideas

Evening Market Summary - 8 Sept 2021

mplus313
Publish date: Wed, 08 Sep 2021, 06:00 PM
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 8Sep21

FBM KLCI: 1,597.63 pts (+14.15pts, +0.89%)

The FBM KLCI (+0.9%) closed at intraday high after trading sideways most of the time for the session, as final hour buying interest within selected heavyweights led by PMETAL (+17.0 sen), MISC (+30.0 sen), and AXIATA (+14.0 sen) lifted the key index. Market breadth, however, turned negative as the losers outnumbered the gainers by 707-to-374 stocks. Meanwhile, the energy sector (-2.4%) underperformed the mixed broader market, anchored by gains in YINSON (-7.0 sen), PETRONM (-6.0 sen), and KNM (-5.0 sen) on profit-taking, while the plantation sector (+1.6%) was the biggest gainer.  

Top 3 Active stocks:
KNM (7164): RM0.265 (-5.0 sen)
PUC (0007): RM0.175 (+1.0 sen)

FINTEC (0150): RM0.025 (+0.5 sen)

Volume: 5.91 bn (100-day avg vol: 5.54 bn)
Value: 3.24 bn (100-day avg val: 3.33 bn)
Market Breadth: ⬆374 ⬇707
Crude palm oil: RM4,468 (+RM78)

Dow Futures: 34,953 pts (-138 pts)

Source: Bloomberg, M+ Online


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