KLSE Traders Update and Ideas

Evening Market Summary - 7 Sept 2023

Publish date: Thu, 07 Sep 2023, 05:29 PM
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 7Sep23

FBM KLCI: 1,460.07 pts (-0.55pts, -0.04%)

The FBM KLCI slid marginally by 0.04% as profit taking activities emerged in line with the regional markets as well as ahead of the by-election in Johor this weekend; selected telco and utilities heavyweights such as TENAGA (-9.0 sen), HLFG (-26.0 sen) and CDB (-2.0 sen) ended lower for the session. Market breadth was negative with 535 decliners as compared to 386 advancers, with 456 traded unchanged. On the broader market, the Construction (-2.00%) and Transportation & Logistics (-1.38%) sectors traded significantly lower for the session. On the flip side, the Healthcare sector rose 1.47% led by TOPGLOV (+5.5 sen), HARTA (+7.0 sen) and SUPERMX (+3.5 sen). 

Top 3 Active stocks:
TOPGLOV (7113): RM0.84 (+5.5 sen)
CLASSITA (7154): RM0.08 (-0.5 sen)

EKOVEST (8877): RM0.505 (-4.0 sen)

Volume: 3.21 bn (100-day avg vol: 3.14 bn)
Value: RM2.02 bn (100-day avg val: RM1.94 bn)
Market Breadth: ⬆384⬇535
Crude palm oil: RM3,838 (-RM43)

Dow Futures: 34,482 pts (+3 pts)

Source: Bloomberg, M+ Online


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