KLSE Traders Update and Ideas

Evening Market Summary - 18 Apr 2023

mplus313
Publish date: Tue, 18 Apr 2023, 05:59 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 18 Apr 23

FBM KLCI: 1,432.36 pts (-2.54pts, -0.18%)

The FBM KLCI (-0.18%) extended the pullback as sentiment across the broader market remained cautious ahead of the festive break despite China's GDP grew by 4.5% YoY. Market breadth remained negative as the decliners hammered the advancers by 527-to-330 stocks. The telecommunications & media sector (+1.69%) again outperformed the negative-biased broader market as CDB (+5.0 sen), AXIATA (+2.0 sen), and MAXIS (+2.0 sen) gained momentum. On the flipside, the energy sector (-1.25%) tumbled amid lower crude oil price. 

Top 3 Active stocks:
DATAPRP (8338): RM0.22 (-1.0 sen)
HONGSENG (0041): RM0.13 (-1.0 sen)

SMRT (0117): RM0.655 (+1.0 sen)

Volume: 3.17 bn (100-day avg vol: 3.35 bn)
Value: RM1.85 bn (100-day avg val: RM2.10 bn)
Market Breadth: ⬆️330 ⬇️527
Crude palm oil: RM3,806 (+RM168)

Dow Futures: 34,178 pts (+49 pts)

Source: Bloomberg, M+ Online


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