KLSE Traders Update and Ideas

Evening Market Summary - 26 Sept 2022

mplus313
Publish date: Mon, 26 Sep 2022, 05:52 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 - 26Sep22

FBM KLCI: 1,413.04 pts (-11.94pts, -0.84%)

The FBM KLCI (-0.84%) slumped for the fourth straight session as plantation, banking, and telecommunication heavyweights led losses, tracking the negative performances across the regional bourses. Market breadth remained negative as the decliners trounced the advancers by 780-to-164 stocks. The broader market has once again gone into selloff mode as all 13 major sub-indices ended inl  red; the energy sector (-4.25%) tumbled due to steep selldown in YINSON (-11.0 sen), ARMADA (-2.0 sen), and VELESTO (-1.0 sen), followed by the plantation sector (-2.40%). 

Top 3 Active stocks:
VELESTO (5243): RM0.12 (-1.0 sen)
TOPGLOV (7113): RM0.635 (-1.5 sen)

TAWIN (7097): RM0.05 (-1.0 sen)

Volume: 2.12 bn (100-day avg vol: 2.52 bn)
Value: RM1.85 bn (100-day avg val: RM1.82 bn)
Market Breadth: ⬆️164 ⬇️780
Crude palm oil: RM3,525 (-RM211)

Dow Futures: 29,622 pts (-47 pts)

Source: Bloomberg, M+ Online


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