KLSE Traders Update and Ideas

Evening Market Summary - 15 Sept 2023

Publish date: Fri, 15 Sep 2023, 05:33 PM
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,459.03 pts (+9.45pts, +0.65%)

The FBM KLCI (+0.65%) closed higher for the session, and surpassed the 1,450 psychological level as buying pressure picked up within selected heavyweights like PCHEM (+26.0 sen) and KLK (+160.0 sen). Market breadth was positive with advancers led decliners by a ratio of 7-to-5. On the broader market, the Construction sector gained the most, rising 3.54%, led by GAMUDA (+22.0 sen) and IJM (+10.0 sen). Meanwhile, the Energy sector added 1.41% as buying interest was noticed within YINSON (+4.0 sen) and DIALOG (+2.0 sen) on the back of firmer Brent oil prices above USD93. 

Top 3 Active stocks:
SAPNRG (5218): RM0.055 (-0.5 sen)
YTLPOWR (6742): RM2.08 (unch)

HONGSENG (0041): RM0.045 (-0.5 sen)

Volume: 4.02 bn (100-day avg vol: 3.13 bn)
Value: RM4.31 bn (100-day avg val: RM1.95 bn)
Market Breadth: ⬆️550 ⬇️387
Crude palm oil: RM3,791 (+RM30)

Dow Futures: 35,341 pts (+84 pts)

Source: Bloomberg, M+ Online


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