KLSE Traders Update and Ideas

Evening Market Summary - 27 Sept 2023

Publish date: Wed, 27 Sep 2023, 05:52 PM
0 3,690
This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,440.11 pts (-5.44pts, -0.38%)

The FBM KLCI (-0.38%) ended lower and hovered below the 1,450 level; in-line with the mixed regional market sentiment due to the concern over the higher-for-longer interest rates environment. Market breadth was negative with losers outpacing gainers by 572-to-341 stocks. On the broader market, the Energy sector gained 1.12% from buying support in ARMADA (+2.0 sen) and DIALOG (+2.0 sen) due to the rebound in Brent oil prices. Meanwhile, the Construction sector (-1.42%) ended lower amid selling pressure in IJM (-6.0 sen) and GAMUDA (-7.0 sen) due to profit taking activities after the recent rally. 

Top 3 Active stocks:
EMCC (0286): RM0.350 (+3.5 sen)
MYEG (0138): RM0.780 (-2.0 sen)

VSOLAR (0066): RM0.180 (-4.5 sen)

Volume: 2.97 bn (100-day avg vol: 3.17 bn)
Value: RM1.94 bn (100-day avg val: RM2.01 bn)
Market Breadth: ⬆️341 ⬇️572
Crude palm oil: RM3,780 (+RM88)

Dow Futures: 33,975 pts (+100 pts)

Source: Bloomberg, M+ Online


The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.

Be the first to like this. Showing 0 of 0 comments

Post a Comment