KLSE Traders Update and Ideas

Evening Market Summary - 6 Oct 2022

mplus313
Publish date: Thu, 06 Oct 2022, 06:10 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 - 6 Oct 22

FBM KLCI: 1,420.43 pts (-0.12pts, -0.01%)

The FBM KLCI (-0.01%) ended marginally lower ahead of the tabling of Budget 2023 tomorrow as final-hour selldown sent the key index into the negative territory. Market breadth, however remained positive as the advancers outpaced the decliners by 435-to-328 stocks. The healthcare sector (+2.03%) soared on the back of improving outlook in the glove sector led by stocks such as TOPGLOV (+3.5 sen), HARTA (+8.0 sen), and SUPERMX (+8.0 sen), while the plantation sector (-0.50%) staged a pullback as profit taking activities emerged. 

Top 3 Active stocks:
MMAG (0034): RM0.025 (unch)
COSMOS (0261): RM0.56 (+21.0 sen)

TOPGLOV (7113): RM0.675 (+3.5 sen)

Volume: 2.25 bn (100-day avg vol: 2.47 bn)
Value: RM1.59 bn (100-day avg val: RM1.79 bn)
Market Breadth: ⬆️435 ⬇️328
Crude palm oil: RM3,729 (+RM87)

Dow Futures: 30,213 pts (-97 pts)

Source: Bloomberg, M+ Online


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