KLSE Traders Update and Ideas

Evening Market Summary - 22 Jan 2024

Publish date: Mon, 22 Jan 2024, 05:59 PM
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 22 Jan 24

FBM KLCI: 1,491.19 pts (+4.82pts, +0.32%)

The FBM KLCI (+0.32%) ended higher, despite the mixed perfomance on the regional markets, due to buying pressure in selected Utilities and Telco heavyweights. Market breadth was positive as gainers led losers by 644-to-375 stocks. On the broader market, the top 2 sectors were the Utilities sector (2.14%) and the Construction sector (1.86%), led by YTLPOWR (+19.0 sen) & YTL (+11.0 sen) and IJM (+10.0 sen) & GAMUDA (+8.0 sen) respectively.

Top 3 Active stocks:
SCIB (9237): RM0.435 (+14.5 sen)
WIDAD (0162): RM0.135 (+2.5 sen)

YNHPROP (3158): RM0.555 (-30.0 sen)

Volume: 4.80 bn (100-day avg vol: 3.70 bn)
Value: RM3.12 bn (100-day avg val: RM2.37 bn)
Market Breadth: ⬆️644 ⬇️375
Crude palm oil: RM3,912 (-RM27)

Dow Futures: 38,100 pts (+55 pts)

Source: Bloomberg, M+ Online


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