KLSE Traders Update and Ideas

Evening Market Summary - 29 Sept 2023

Publish date: Fri, 29 Sep 2023, 05:58 PM
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,424.17 pts (-15.94pts, -1.11%)

The FBM KLCI (-1.11%) ended lower weighed by selling pressure in index heavyweight members, especially the banking counters. Market breadth was negative with losers outpacing gainers by 578-to-379 stocks. On the broader market, the Construction sector gained 1.08% following the buying support in GAMUDA (+12.0 sen) and IJM (+3.0 sen); the former posted a good set of results. Meanwhile, the Financial sector (-1.27%) ended lower amid selling pressure in PBBANK (-8.0 sen) and CIMB (-12.0 sen). 

Top 3 Active stocks:
EMCC (0286): RM0.425 (+7.5 sen)
SAPNRG (5218): RM0.055 (unch)

WIDAD (0162): RM0.510 (unch)

Volume: 3.04 bn (100-day avg vol: 3.18 bn)
Value: RM2.44 bn (100-day avg val: RM2.02 bn)
Market Breadth: ⬆️379 ⬇️578
Crude palm oil: RM3,781 (+RM10)

Dow Futures: 34,042 pts (+150 pts)

Source: Bloomberg, M+ Online


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