KLSE Traders Update and Ideas

Evening Market Summary - 2 Oct 2023

Publish date: Mon, 02 Oct 2023, 05:53 PM
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 2 Oct 23

FBM KLCI: 1,418.76 pts (-5.41pts, -0.38%)

The FBM KLCI (-0.38%) ended lower amid mixed regional markets as investors were turning cautious ahead of monetary policy decisions in Australia and India, while the US services and manufacturing PMI readings will be in focus. Market breadth was negative with losers outpacing gainers by 632-to-285 stocks. On the broader market, the Healthcare sector gained 0.79% due to the rebound in glove counters as seen in HARTA (+6.0 sen) and TOPGLOV (+2.0 sen). Meanwhile, the Utilities sector (-1.71%) ended lower amid profit taking activities in YTLPOWR (-7.0 sen) and TENAGA (-9.0 sen). 

Top 3 Active stocks:
KNM (7164): RM0.140 (+1.5 sen)
EMCC (5218): RM0.415 (-1.0 sen)

FINTEC (0150): RM0.005 (-0.5 sen)

Volume: 3.02 bn (100-day avg vol: 3.18 bn)
Value: RM1.80 bn (100-day avg val: RM2.03 bn)
Market Breadth: ⬆️285 ⬇️632
Crude palm oil: RM3,695 (-RM72)

Dow Futures: 33,794 pts (+69 pts)

**Source: Bloomberg, M+ Online**


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