KLSE Traders Update and Ideas

Evening Market Summary - 22 Sept 2021

mplus313
Publish date: Wed, 22 Sep 2021, 05:57 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web. As I am a Dealer's Representative, I watch and follow the market quite closely, and send updates to my clients regularly.

The daily market update is usually sent out to client's mobile in the morning. While the market summary is sent out in the evening.

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M+ Online Market Wrap - 22Sep21

FBM KLCI: 1,529.02 pts (-1.42pts, -0.09%)

The FBM KLCI (-0.1%) finished in the negative territory for the session as the government is looking at several measures to boost revenue, including capital gain tax and one-off higher tax rate for companies benefited under the Covid-19 environment; the key index declined led by selling pressure on telco heavyweights. Market breadth, however, turned positive as the gainers outpaced the losers by 584-to-382 stocks. The technology sector (+1.3%) extended its gains and outperformed the mixed broader market with MYEG (+3.0 sen), UWC (+18.0 sen) and GREATEC (+15.0 sen) taking the lead. 

Top 3 Active stocks:
PASUKGB (0177): RM0.065 (-1.0 sen)
FINTEC (0150): RM0.02 (unch)

KNM (7164): RM0.23 (-2.0 sen)

Volume: 4.12 bn (100-day avg vol: 5.31 bn)
Value: 3.16 bn (100-day avg val: 3.25 bn)
Market Breadth: ⬆584 ⬇382
Crude palm oil: RM4,331 (+RM139)

Dow Futures: 33,987 pts (+189 pts)

Source: Bloomberg, M+ Online


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