KLSE Traders Update and Ideas

Evening Market Summary - 8 Apr 2024

Publish date: Mon, 08 Apr 2024, 05:53 PM
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This blog provides market updates and trading ideas that I gather from around the web.

M+ Online Market Wrap - 8 Apr 24

FBM KLCI: 1,559.98 pts (+4.73pts, +0.30%)

The FBM KLCI (+0.30%) ended higher, in line with the positive performance of the regional markets, as the index was boosted by Utilities and Banking heavyweights. Market breadth was fairly positive with gainers led losers by 531-to-511 stocks. On the broader market, the Utilities sector (+1.01%) was the leading sector led by buying interest in TENAGA (+28.0 sen) and YTL (+4.0 sen), while the Energy sector (-0.62%) declined due to selling pressure in DIALOG (-3.0 sen).

Top 3 Active stocks:
VELESTO (5243): RM0.275 (-0.5 sen)
SBH (0300): RM0.255 (+3.5 sen)

SENDAI (5205): RM0.32 (+4.0 sen)

Volume: 3.97 bn (100-day avg vol: 3.98 bn)
Value: RM2.33 bn (100-day avg val: RM2.69 bn)
Market Breadth: ⬆️531 ⬇️511
Crude palm oil: RM4,293 (-RM50)

Dow Futures: 39,173 pts (-50 pts)

Source: Bloomberg, M+ Online


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