KLSE Traders Update and Ideas

Evening Market Summary - 4 Oct 2023

mplus313
Publish date: Wed, 04 Oct 2023, 05:48 PM
mplus313
0 3,690
This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 4 Oct 23

FBM KLCI: 1,415.84 pts (-4.17pts, -0.29%)

The FBM KLCI (-0.29%) ended lower in line with the negative performances across regional stock markets as investors continues to trade cautiously amid the elevated interest rates environment, coupled with with the 30-year US Treasury yields spiked above 5% (16-year high). Market breadth was negative with losers led gainers by 730-to-255 stocks. On the broader market, the Telecommunications & Media sector (-1.63%) ended lower following the selling pressure in CDB (-4.0 sen) and MAXIS (-5.0 sen), while the Energy sector fell 1.57% led by VELESTO (-1.0 sen) and DIALOG (-1.0 sen), due to the recent weakness in Brent oil prices.  

Top 3 Active stocks:
KNM (7164): RM0.165 (+1.5 sen)
SEALINK (5145): RM0.225 (+3.5 sen)

EMCC (0286): RM0.460 (+0.5 sen)

Volume: 3.03 bn (100-day avg vol: 3.18 bn)
Value: RM2.23 bn (100-day avg val: RM2.03 bn)
Market Breadth: ⬆️255 ⬇️730
Crude palm oil: RM3,715 (+RM7)

Dow Futures: 33,204 pts (+3 pts)

**Source: Bloomberg, M+ Online**


Disclaimer

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.

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

Post a Comment