KLSE Traders Update and Ideas

Evening Market Summary - 11 Sept 2023

mplus313
Publish date: Mon, 11 Sep 2023, 05:33 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 - 11Sep23

FBM KLCI: 1,455.04 pts (+0.09pts, +0.01%)

The FBM KLCI ended marginally higher after trading mostly in the negative zone following the conclusion of both the Johor by-elections. Also, investors digested the 12th Malaysia plan midterm review with a slightly positive tone given bargain hunting activities were seen across the index heavyweights. Market breadth was fairly negative with decliners outpaced advancers by a ratio of 2-to-1. On the broader market, the Property (-0.89%) and Construction (-0.65%) sectors noticed heavy profit taking actvities led by UOADEV (-5.0 sen), SIMEPROP (-1.5 sen), IJM (-1.0 sen) and EKOVEST (-1.0 sen). On the flip side, the Technology sector rose 0.27%, led by INARI (+5.0 sen) and GREATEC (+9.0 sen)

Top 3 Active stocks:
KNM (7164): RM0.11 (-1.0 sen)
MQTECH (0070): RM0.025 (-0.5 sen)

SCIB (9237): RM0.455 (-0.5 sen)

Volume: 2.80 bn (100-day avg vol: 3.13 bn)
Value: RM1.64 bn (100-day avg val: RM1.95 bn)
Market Breadth: ⬆295⬇609
Crude palm oil: RM3,712 (-RM118)

Dow Futures: 34,998 pts (+64 pts)

Source: Bloomberg, M+ Online


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