KLSE Traders Update and Ideas

Evening Market Summary - 8 Oct 2024

mplus313
Publish date: Tue, 08 Oct 2024, 05:47 PM
mplus313
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This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,635.62 pts (+0.33pts, +0.02%)

Despite the weak regional market performance, the FBM KLCI (+0.02%) bucked the trend and extended its gains, led by TENAGA (+20.0 sen) and YTLPOWR (+10.0 sen), following the World Bank upgrade on Malaysia's outlook. Market breadth was positive, with gainers led losers by 567-to-486 stocks. In the broader market, the Construction sector (+1.40%) was the best performer, led by GAMUDA (+14.0 sen) and IJM (+6.0 sen), while the Technology sector (-0.31%) declined the most despite weakening of the ringgit.

Top 3 Active stocks:
VELOCITY (7165): RM0.060 (-1.0 sen)
KHB (0322): RM0.215 (+1.5 sen)

BPURI (5932): RM0.360 (unch)

Volume: 3.25 bn (100-day avg vol: 4.47 bn)
Value: RM2.67 bn (100-day avg val: RM3.68 bn)
Market Breadth: ⬆️567 ⬇️486
Crude palm oil: RM4,251 (-RM92)

Dow Futures: 42,320 pts (+75 pts)

**Source: Bloomberg, M+ **
 


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