KLSE Traders Update and Ideas

Evening Market Summary - 14 Nov 2024

mplus313
Publish date: Thu, 14 Nov 2024, 05:38 PM
mplus313
0 3,917
This blog provides market updates and trading ideas that I gather from around the web.

FBM KLCI: 1,600.68 pts (-10.82pts, -0.67%)

The FBMKLCI (-0.67%) saw a pullback, as the index was dragged down by selling pressure in Industrial Products & Services heavyweights, notably PMETAL (-19.0 sen). The decline was due to China’s latest fiscal measures falling short of market expectations, which pressured aluminum prices lower. Market breadth was negative, with 586 losers compared to 419 gainers. However, buying interest was noticed in Energy (+0.70%) after DAYANG (+0.70%) won two more contracts to provide pan-Malaysia services to Petronas and its production sharing contractors, while Construction (-0.87%) declined the most.

Top 3 Active stocks:
CEB (5311): RM0.380 (+0.5 sen)
LWSABAH (5328): RM0.880 (-6.0 sen)

CLASSITA (7154): RM0.065 (+2.0 sen)

Volume: 3.15 bn (100-bar avg vol: 3.69 bn)
Value: RM2.69 bn (100-bar avg val: RM3.20 bn)
Market Breadth: ⬆️419 ⬇️586
Crude palm oil: RM4,949 (-RM38)

Dow Futures: 44,153 pts (+45 pts)

**Source: Bloomberg, M+ **


Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.

More articles on KLSE Traders Update and Ideas
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment