KLSE Traders Update and Ideas

Evening Market Summary - 26 Sept 2023

mplus313
Publish date: Tue, 26 Sep 2023, 05:46 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,445.55 pts (+2.10pts, +0.15%)

The FBM KLCI (+0.15%) ended slightly higher due to bargain hunting activities after the recent pullback move, but still hovering below the 1,450 level. Market breadth however, was negative with losers outpacing gainers by 564-to-367 stocks. On the broader market, the Transportation & Logistics sector gained 0.35%, due to the last minute buying support in HEXTECH (+120.0 sen) and WPRTS added 4.0 sen as trading momentum picked up after the noon break. Meanwhile, the Telecommunications & Media sector (-0.88%) ended lower amid selling pressure in ASTRO (-4.5 sen) and TM (-1.0 sen); the former reported weaker results. 

Top 3 Active stocks:
EMCC (0286): RM0.315 (+7.5 sen)
MTRONIC (0043): RM0.020 (+0.5 sen)

WIDAD (0162): RM0.505 (unch)

Volume: 3.16 bn (100-day avg vol: 3.18 bn)
Value: RM1.95 bn (100-day avg val: RM2.01 bn)
Market Breadth: ⬆️367 ⬇️564
Crude palm oil: RM3,689 (-RM27)

Dow Futures: 34,138 pts (-135 pts)

Source: Bloomberg, M+ Online


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