KLSE Traders Update and Ideas

Evening Market Summary - 25 Jul 2023

mplus313
Publish date: Tue, 25 Jul 2023, 05:31 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 - 25 Jul 23 
 
FBM KLCI: 1,436.79 pts (+12.10 pts, +0.85%) 
The FBMKLCI (+0.85%) extended the rally for the fourth session with buying interest focusing on PCHEM (+26.0 sen), PBBANK (+7.0 sen) and PMETAL (+14.0 sen). Also, the sentiment from China has lifted the overall trading activities on the local front. Market breadth, turned positive with advancers led decliners by 598-to-357 stocks. On the broader market, the industrial products (+2.1%) and utilities (+1.22%) sectors were the top leading sectors on the Bursa Exchange; the latter ended firmer ahead of the National Energy Transition Roadmap (NETR) launch this week 
 
Top 3 Active stocks: 
CLASSITA (7154): RM0.125 (-2.5 sen) 
HONGSENG (0041): RM0.095 (+1.0 sen) 
MBN (0280): RM0.27 (+6.0 sen) 
 
Volume: 3.73 bn (100-day avg vol: 2.99 bn) 
Value: RM2.31 bn (100-day avg val: RM1.88 bn) 
Market Breadth: ⬆598 ⬇357 
Crude palm oil: RM4,066 (-RM98) 
Dow Futures: 35,593 pts (+12 pts) 
 
Source: Bloomberg, M+ Online


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