KLSE Traders Update and Ideas

Evening Market Summary - 6 Oct 2023

mplus313
Publish date: Fri, 06 Oct 2023, 05:39 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,416.88 pts (+1.28pts, +0.09%)

Despite the profit taking activities in the morning session, the FBM KLCI (+0.09%) ended marginally higher as buying support was noticed within the index heavyweights; more than 60% of the index members ended in the positive territory. Meanwhile, the investors will be eyeing on the upcoming US jobs data to be released later tonight. Market breadth was positive with advancers led decliners by 449-to-407 stocks. On the broader market, the Construction sector (+0.92%) ended higher following the buying support in WCEHB (+5.0 sen) and IJM (+3.0 sen) ahead of the Budget 2024, while the Healthcare sector fell 0.74% due to the selling pressure in glove counters led by TOPGLOV (-3.0 sen) and HARTA (-4.0 sen).  

Top 3 Active stocks:
SAPNRG (5218): RM0.050 (unch)
KNM (7164): RM0.170 (-0.5 sen)

TOPGLOV (7113): RM0.755 (-3.0 sen)

Volume: 2.86 bn (100-day avg vol: 3.18 bn)
Value: RM2.09 bn (100-day avg val: RM2.04 bn)
Market Breadth: ⬆️449 ⬇️407
Crude palm oil: RM3,608 (+RM1)

Dow Futures: 33,316 pts (+12 pts)

Source: Bloomberg, M+ Online


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