KLSE Traders Update and Ideas

Evening Market Summary - 6 Sept 2023

mplus313
Publish date: Wed, 06 Sep 2023, 05:16 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 - 6Sep23 
 
FBM KLCI: 1,460.62 pts (+5.79pts, +0.40%) 
The FBM KLCI rebounded after a significant profit taking activities yesterday; about two-thirds of the index heavyweights ended in the positive territory led by MRDIY (+7.0 sen) and CIMB (+7.0 sen). Market breadth was positive as well with advancers to decliners ratio stood at roughly 5-to-4. Meanwhile, on the broader market, all the sub-sectors ended positive except for the Plantation (-0.36%) sector. Amongst the positive sectors, the Property (+1.36%) and Energy (+1.38%) sectors gained momentum. 
 
Top 3 Active stocks: 
KNM (7164): RM0.12 (+2.0 sen) 
SAPNRG (5218): RM0.06(+0.5 sen) 
CLASSITA (7154): RM0.085 (unch) 
 
Volume: 4.18 bn (100-day avg vol: 3.14 bn) 
Value: RM2.13 bn (100-day avg val: RM1.93 bn) 
Market Breadth: ⬆531⬇380 
Crude palm oil: RM3,878 (-RM23) 
Dow Futures: 34,635 pts (-45 pts) 
 
Source: Bloomberg, M+ Online


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