KLSE Traders Update and Ideas

Evening Market Summary - 18 Oct 2021

mplus313
Publish date: Mon, 18 Oct 2021, 05:53 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 - 18 Oct 21

FBM KLCI: 1,605.97 pts (+7.69pts, +0.48%)

The FBM KLCI (+0.5%) reclaimed its crucial 1,600 level tracking the overnight gains from Wall Street; selected glove heavyweights like HARTA (+18.0 sen) and most of the banking heavyweights such as CIMB (+15.0 sen) and PBBANK (+3.0 sen) trended positively for the session. Market breadth remained positive as the gainers led the losers by 573-to-495 stocks. The construction sector (+1.0%) was the leading sector amid the positive broader market contributed by gains in IJM (+3.0 sen), EKOVEST (+2.5 sen), and JAKS (+1.5 sen), but the transportation & logistics sector (-0.6%) was the biggest declining sector. 

Top 3 Active stocks:
MACPIE (0140): RM0.13 (+2.5 sen)
JOE (7096): RM0.045 (unch)

TIGER (7079): RM0.045 (+0.5 sen)

Volume: 4.61 bn (100-day avg vol: 4.99 bn)
Value: 2.91 bn (100-day avg val: 3.09 bn)
Market Breadth: ⬆573 ⬇495
Crude palm oil: RM4,938 (+RM79)

Dow Futures: 35,075 pts (-96 pts)

Source: Bloomberg, M+ Online


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