KLSE Traders Update and Ideas

Evening Market Summary - 1 Oct 2024

mplus313
Publish date: Tue, 01 Oct 2024, 06:03 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,656.39 pts (+7.48pts, +0.45%)

The FBM KLCI (+0.45%) rebounded after hitting an intraday low of around 1643, as bargain hunting emerged in selected banking heavyweights like PBBANK (+5.0 sen) and MAYBANK (+6.0 sen); continuing to boost sentiment on the local front. Additionally, market breadth was positive, with gainers outnumbering losers by 672-to-379 stocks. In the broader market, the Health Care sector (+1.91%) was the best performer, led by IHH (+8.0 sen) and HARTA (+13.0 sen), while the Energy sector (-0.44%) declined the most.

Top 3 Active stocks:
DNEX (4456): RM0.375 (+4.0 sen)
CAPITALA (5099): RM0.980 (-1.0 sen)

MYEG (0138): RM0.895 (+0.5 sen)

Volume: 2.55 bn (100-day avg vol: 4.55 bn)
Value: RM2.41 bn (100-day avg val: RM3.72 bn)
Market Breadth: ⬆️672 ⬇️379
Crude palm oil: RM4,009 (+RM14)

Dow Futures: 42,531 pts (-112 pts)

**Source: Bloomberg, M+ **


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