KLSE Traders Update and Ideas

Evening Market Summary - 17 Nov 2023

mplus313
Publish date: Fri, 17 Nov 2023, 06:09 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,459.90 pts (-4.78pts, -0.33%)

The FBM KLCI (-0.27%) ended lower in line with the mostly poor regional markets performance, as investors were trading cautiously after the US-China meeting coupled with the poor key economic data from China. Market breadth was fairly even with losers led gainers by 450-to-440 stocks. On the broader market, the Utilities sector (+0.72%) ended higher thanks to buying support in YTLPOWR (+3.0 sen) and YTL (+1.0 sen). Meanwhile, the Telco & Media sector declined -1.25% following the selling pressure in AXIATA (-3.0 sen) and CDB (-1.0 sen).

 

Top 3 Active stocks:
HONGSENG (0041): RM0.035 (-0.5 sen)
WIDAD (0162): RM0.46 (unch)

LEFORM (0266): RM0.285 (+1.0 sen)

Volume: 3.27 bn (100-day avg vol: 3.25 bn)
Value: RM1.89 bn (100-day avg val: RM2.05 bn)
Market Breadth: ⬆️440 ⬇️450
Crude palm oil: RM3,941 (-RM57)

Dow Futures: 35,088 pts (+69 pts)

Source: Bloomberg, M+ Online


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