KLSE Traders Update and Ideas

Evening Market Summary - 6 Oct 2021

Publish date: Wed, 06 Oct 2021, 05:59 PM
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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 - 6 Oct 21

FBM KLCI: 1,559.42 pts (+29.00pts, +1.89%)

The FBM KLCI (+1.9%) rallied strongly, tracking the overnight rebound in Wall Street as the key index was boosted by the firm buying momentum in the index-linked plantation counters on the back of the surge in CPO price above RM4800 level. Market breadth turned positive as the gainers hammered the losers by 612-to-433 stocks. The plantation sector (+8.0%) gained momentum with SIMEPLT (+54.0 sen), IOICORP (+31.0 sen), and KLK (+172.0 sen) registering the decent gains in the sector. This was followed by the energy sector (+2.1%) as Brent oil price traded above USD80 level. 

Top 3 Active stocks:
AT (0072): RM0.055 (unch)
SCBUILD (0109): RM0.12 (+3.0 sen)

KANGER (0170): RM0.06 (+0.5 sen)

Volume: 4.46 bn (100-day avg vol: 5.07 bn)
Value: 3.42 bn (100-day avg val: 3.10 bn)
Market Breadth: ⬆612 ⬇433
Crude palm oil: RM4,835 (+RM97)

Dow Futures: 33,867 pts (-316 pts)

Source: Bloomberg, M+ Online


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