KLSE Traders Update and Ideas

Evening Market Summary - 12 Sept 2023

Publish date: Tue, 12 Sep 2023, 05:53 PM
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 12Sep23

FBM KLCI: 1,453.50 pts (-1.54pts, -0.11%)

The FBM KLCI ended on a slightly negative tone after the mid term review of the 12th Malaysia Plan as profit taking activities were seen in PCHEM (-23.0 sen), TENAGA (-5.0 sen) and MAYBANK (-2.0 sen). Market breadth was also negative with losers led gainers by a ratio of 5-to-3. Meanwhile, on the broader market, we noticed the commodity sectors such as the Energy (+0.51%) and Plantation (+0.38%) were the leaders for the session; HIBISCS (+3.0 sen) and ARMADA (+0.5 sen) rose firmly for the day with steady Brent oil price hovering above USD90. 

Top 3 Active stocks:
EKOVEST (8877): RM0.53 (+1.0 sen)
IFCAMSC (0023): RM0.33(+2.0 sen)

UEMS (5148): RM0.685 (-2.0 sen)

Volume: 2.88 bn (100-day avg vol: 3.13 bn)
Value: RM1.99 bn (100-day avg val: RM1.94 bn)
Market Breadth: ⬆354⬇524
Crude palm oil: RM3,695 (-RM18)

Dow Futures: 34,963 pts (-49 pts)

Source: Bloomberg, M+ Online


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