KLSE Traders Update and Ideas

Evening Market Summary - 4 Sept 2023

mplus313
Publish date: Mon, 04 Sep 2023, 05:24 PM
mplus313
0 3,688
This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 4Sep23

FBM KLCI: 1,462.72 pts (-0.71pts, -0.05%)

The FBM KLCI traded flat for the session as profit taking activities emerged as 60% of the index heavyweights closed lower; top laggards include CDB (-9.0 sen) and MRDIY (-8.0 sen). Market breadth was negative with losers outpaced gainers with 526 decliners, 498 gainers, while 405 traded unchanged. On the broader market, the Industrial Products & Services sector rose 0.71% as building material stocks like PMETAL (+8.0 sen) and PMBTECH (+15.0 sen) traded higher. Meanwhile, the Energy sector gained 0.57% amid firmer Brent oil prices, trading above the $88/bbl. 

Top 3 Active stocks:
MRCB (1651): RM0.485 (-1.0 sen)
VELESTO (5243): RM0.25 (+1.5 sen)

DNEX (4456): RM0.46 (+-0.5 sen)

Volume: 4.01 bn (100-day avg vol: 3.10 bn)
Value: RM2.37 bn (100-day avg val: RM1.91 bn)
Market Breadth: ⬆498 ⬇526
Crude palm oil: RM3,979 (-RM61)

Dow Futures: 34,946 pts (+64 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