KLSE Traders Update and Ideas

Evening Market Summary - 30 Nov 2023

mplus313
Publish date: Thu, 30 Nov 2023, 05:45 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 30 Nov 23

FBM KLCI: 1,448.02 pts (+1.95pts, +0.13%)

The FBM KLCI (+0.46%) ended higher amid positive rebound in the Hong Kong market and HSI closed above the 17k level, and last minute buying interest in CDB (+21.0 sen) and PCHEM (+14.0 sen) supported the KLCI higher. Market breadth, however was negative as losers outnumbered gainers by 626-to-328 stocks. On the broader market, the Energy sector (+0.88%) closed higher thanks to buying support in DIALOG (+14.0 sen) and COASTAL (+10.0 sen). Meanwhile, the Healthcare sector declined -2.94% following the selling pressure in glove counters namely, TOPGLOV (-5.0 sen) and SUPERMX (-10.5 sen) following the weak set  of results.

Top 3 Active stocks:
VELESTO (5243): RM0.22 (unch)
KANGER (0170): RM0.075 (-1.0 sen)

TOPGLOV (7113): RM0.81 (-5.0 sen)

Volume: 4.12 bn (100-day avg vol: 3.34 bn)
Value: RM4.44 bn (100-day avg val: RM2.10 bn)
Market Breadth: ⬆️328 ⬇️626
Crude palm oil: RM3,898 (+RM26)

Dow Futures: 35,590 pts (+102 pts)

Source: Bloomberg, M+ Online


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