KLSE Traders Update and Ideas

Evening Market Summary - 3 Oct 2023

Publish date: Tue, 03 Oct 2023, 05:42 PM
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 3 Oct 23

FBM KLCI: 1,420.01 pts (+1.25pts, +0.09%)

Despite the mostly negative regional markets sentiment, no thanks to the rising US treasury yield, which has hit an 16-year high, coupled with the elevated interest environment, the FBM KLCI (+0.09%) ended marginally higher. Market breadth was negative with losers led gainers by 545-to-401 stocks. On the broader market, the Healthcare sector gained 0.51% due to buying interest in HARTA (+9.0 sen) and IHH (+3.0 sen). Meanwhile, the Energy sector (-1.90%) ended lower following the selling pressure in YINSON (-12.0 sen) and DIALOG (-2.0 sen) after the significant drop in Brent oil prices. 

Top 3 Active stocks:
KNM (7164): RM0.150 (+1.0 sen)
EMCC (0286): RM0.455 (+4.0 sen)

WIDAD (0162): RM0.520 (+1.0 sen)

Volume: 3.23 bn (100-day avg vol: 3.18 bn)
Value: RM2.21 bn (100-day avg val: RM2.03 bn)
Market Breadth: ⬆401 ⬇545
Crude palm oil: RM3,718 (+RM14)

Dow Futures: 33,664 pts (+26 pts)

Source: Bloomberg, M+ Online


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