KLSE Traders Update and Ideas

Evening Market Summary - 30 Jan 2024

Publish date: Tue, 30 Jan 2024, 06:13 PM
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 30 Jan 24

FBM KLCI: 1,512.75 pts (-2.64pts, -0.17%)

The FBM KLCI (-0.17%) ended lower, in line with the mostly negative regional markets' performance, dragged by selling activities in selected Healthcare, Industrial Products and Telco heavyweights. Market breadth was negative as losers outpaced gainers by 622-to-383 stocks. On the broader market, the Utilities sector (+0.88%) was the leading sector, led by buying interest within YTLPOWR (+25.0 sen) and YTL (+10.0 sen), while the Plantation sector declined (-0.75%) due to selling pressure in SIMEPLT (-5.0 sen) and IOICORP (-2.0 sen).

Top 3 Active stocks:
HEGROUP (0296): RM0.325 (+4.5 sen)
WIDAD (0162): RM0.145 (-1.0 sen)

TWL (7079): RM0.04 (unch)

Volume: 3.78 bn (100-day avg vol: 3.71 bn)
Value: RM2.64 bn (100-day avg val: RM2.37 bn)
Market Breadth: ⬆️383 ⬇️622
Crude palm oil: RM3,849 (-RM99)

Dow Futures: 38,436 pts (-52 pts)

Source: Bloomberg, M+ Online


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