KLSE Traders Update and Ideas

Evening Market Summary - 1 Sept 2023

mplus313
Publish date: Fri, 01 Sep 2023, 05:30 PM
mplus313
0 3,688
This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 1Sep23

FBM KLCI: 1,463.43 pts (+11.49pts, +0.79%)

After a one-day pullback prior to the Merdeka public holiday, the FBM KLCI closed strongly above the 1,460 level led by selected Banking and Telco heavyweights such as CIMB (+11.0 sen), CDB (+10.0 sen) and AXIATA (+12.0 sen). Market breadth was positive with advancers led decliners by a ratio of 11-to-8. On the broader market, the traded volume and value were vibrant, rising more than 50% against their respective 100-day average values. All sectors were traded positively with the exception of Technology (-0.37%) and REIT (-0.03%). The Energy (+2.46%) and Construction (+1.54%) sectors were the leading sectors on Friday led by DIALOG, HIBISCS, IJM and JAKS. 

Top 3 Active stocks:
EKOVEST (8877): RM0.565 (+2.5 sen)
MRCB (1651): RM0.495 (+4.5 sen)

JAKS (4723): RM0.235 (+3.5 sen)

Volume: 4.66 bn (100-day avg vol: 3.09 bn)
Value: RM3.08 bn (100-day avg val: RM1.90 bn)
Market Breadth: ⬆️567 ⬇️424
Crude palm oil: RM4,045 (+RM35)

Dow Futures: 34,884 pts (+93 pts)

Source: Bloomberg, M+ Online


Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.

Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment