KLSE Traders Update and Ideas

Evening Market Summary - 8 Sept 2023

Publish date: Fri, 08 Sep 2023, 05:39 PM
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 8Sep23 
FBM KLCI: 1,454.95 pts (-5.12pts, -0.35%) 
Generally, the Malaysia’s stock market ended on a negative tone as profit taking activities continues ahead of the Johor by-election this weekend; the FBM KLCI fell 0.35%. Market breadth was negative with decliners led advancers by a ratio of 10-to-7. Despite the weaker sentiment on the broader market, the Utilities (+1.23%), Construction (+0.64%), REIT (+0.21%), and Telco (+0.17%) sectors managed to gained momentum for the session.  
Top 3 Active stocks: 
CLASSITA (7154): RM0.07 (-1.0 sen) 
EKOVEST (8877): RM0.53 (+2.5 sen) 
WIDAD (0162): RM0.475 (+1.0 sen) 
Volume: 2.55 bn (100-day avg vol: 3.13 bn) 
Value: RM1.85 bn (100-day avg val: RM1.95 bn) 
Market Breadth: ⬆364⬇503 
Crude palm oil: RM3,791 (-RM41) 
Dow Futures: 34,464 pts (-64 pts) 
Source: Bloomberg, M+ Online


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