KLSE Traders Update and Ideas

Evening Market Summary - 26 Jan 2024

mplus313
Publish date: Fri, 26 Jan 2024, 06:05 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 - 26 Jan 24 
 
FBM KLCI: 1,506.28 pts (+2.18pts, +0.14%) 
The FBM KLCI (+0.14%) ended stronger, despite the weaker regional performance; prevailing buying support in the YTL-related heavyweights has lifted the FBM KLCI for the session. Market breadth was positive as gainers outpaced losers by 580-to-477 stocks. On the broader market, the Healthcare sector (+2.17%) and Construction (+1.12%) was the leading sectors, led by byying interest within HARTA (+7.0 sen), TOPGLOV (+2.5 sen) and IJM (+5.0 sen), while the Telco & Media sector ended softer (-0.68%) due to selling pressure in ASTRO (-4.0 sen) and AXIATA (-2.0 sen). 
 
Top 3 Active stocks: 
MRCB (1651): RM0.65 (+7.0 sen) 
KJTS (0293): RM0.50 (+23.0 sen) 
WIDAD (0162): RM0.165 (-1.5 sen) 
 
Volume: 4.92 bn (100-day avg vol: 3.71 bn) 
Value: RM3.42 bn (100-day avg val: RM2.36 bn) 
Market Breadth: ⬆580 ⬇477 
Crude palm oil: RM4,012 (+RM18) 
Dow Futures: 38,089 pts (-121 pts) 
 
Source: Bloomberg, M+ Online


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