KLSE Traders Update and Ideas

Evening Market Summary - 28 Nov 2023

mplus313
Publish date: Tue, 28 Nov 2023, 05:50 PM
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 28 Nov 23

FBM KLCI: 1,446.88 pts (-1.27pts, -0.09%)

The FBM KLCI (-0.01%) ended flat despite the positive momentum in the morning session, as profit taking activities emerged after the midday break which indicates that market sentiment may still be uncertain while investors await the key economic data such as Consumer Confidence, GDP, PCE and PMI this week. Market breadth was negative as losers outpaced gainers by 526-to-390 stocks. On the broader market, the Healthcare sector (+1.43%) closed higher thanks to buying support in IHH (+4.0 sen) and TOPGLOV (+2.0 sen). Meanwhile, the Energy sector declined -1.06% following the selling pressure in VELESTO (-1.0 sen) and HIBISCS (-7.0 sen).

Top 3 Active stocks:
HONGSENG (0041): RM0.025 (unch)
TOPGLOV (7113): RM0.90 (+2.0 sen)

CSH (7165): RM0.06 (+0.5 sen)

Volume: 3.81 bn (100-day avg vol: 3.31 bn)
Value: RM2.39 bn (100-day avg val: RM2.08 bn)
Market Breadth: ⬆️390 ⬇️526
Crude palm oil: RM3,877 (-RM14)

Dow Futures: 35,345 pts (-28 pts)

Source: Bloomberg, M+ Online


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