KLSE Traders Update and Ideas

Evening Market Summary - 28 Mar 2023

Publish date: Tue, 28 Mar 2023, 05:58 PM
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 28 Mar 23

FBM KLCI: 1,409.09 pts (+12.49pts, +0.89%)

The FBM KLCI (+0.89%) gained momentum to close above the key 1,400 level as the relief rally on Wall Street overnight spurred optimism on the regional benchmark exchanges. Market breadth however, was negative-biased as the decliners outnumbered the advancers slightly by 416-to-410 stocks. The energy sector (+2.58%) rebounded and outperformed the broader market, lifted by YINSON (+7.0 sen), DIALOG (+3.0 sen), and ARMADA (+1.5 sen). Meanwhile, the health care sector (-0.85%) came under pressure on the back of selldown in HARTA (-6.0 sen), TOPGLOV (-1.5 sen), and KOSSAN (-2.0 sen). 

Top 3 Active stocks:
CFM (8044): RM0.185 (-4.5 sen)
VINVEST (0069): RM0.245 (+2.0 sen)

SAPNRG (5218): RM0.04 (unch)

Volume: 2.83 bn (100-day avg vol: 3.33 bn)
Value: RM1.51 bn (100-day avg val: RM2.11 bn)
Market Breadth: ⬆️410 ⬇️416
Crude palm oil: RM3,664 (+RM88)

Dow Futures: 32,679 pts (+48 pts)

Source: Bloomberg, M+ Online


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