KLSE Traders Update and Ideas

Evening Market Summary - 20 Sept 2023

Publish date: Wed, 20 Sep 2023, 08:46 AM
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 20Sep23

FBM KLCI: 1,451.56 pts (-6.10pts, -0.42%)

The FBM KLCI (-0.42%) closed lower but above the 1,450 level for the session in line with the regional markets as investors traded cautiously ahead of the US FOMC meeting. Market breadth, however was positive with gainers led losers by 537-to-423 stocks. On the broader market, the Healthcare sector added 1.62%, was boosted by TOPGLOV (+3.0 sen) and HARTA (+6.0 sen) and SUPERMX (+4.5 sen) as they are able to export to US going forward. Meanwhile, Property and Construction sectors rose 1.57% respectively, supported by UEMS (+6.0sen), SPSETIA (+3.0 sen), IJM (+8.0 sen) and WCEHB (+2.0 sen).

Top 3 Active stocks:
EKOVEST (8877): RM0.570 (+1.5 sen)
MYEG (0138): RM0.830 (+2.5 sen)

IWCITY (1589): RM0.750 (+6.0 sen)

Volume: 3.56 bn (100-day avg vol: 3.16 bn)
Value: RM2.51 bn (100-day avg val: RM1.98 bn)
Market Breadth: ⬆537 ⬇423
Crude palm oil: RM3,723 (-RM26)

Dow Futures: 34,872 pts (+55 pts)

Source: Bloomberg, M+ Online


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