M+ Online Market Wrap - 16 Jan 23

FBM KLCI: 1,493.56 pts (-1.47pts, -0.10%)

The FBM KLCI (-0.10%) staged a mild pullback, snapping three-session winning streak as investors took profit ahead of the long Chinese New Year break. Market breadth turned negative as the decliners led the advancers by 485-to-411 stocks. The construction sector (+1.25%) rebounded as GAMUDA (+7.0 sen), KERJAYA (+4.0 sen), WCEHB (+1.5 sen) gathered momentum. Meanwhile, the health care sector (+1.04%) was the second best performing sector across mixed broader market. 

Top 3 Active stocks:
SAPNRG (5218): RM0.05 (+0.5 sen)
WELLS (0271): RM0.43 (unch)

REVENUE (0200): RM0.75 (+26.5 sen)

Volume: 3.92 bn (100-day avg vol: 2.79 bn)
Value: RM2.03 bn (100-day avg val: RM1.89 bn)
Market Breadth: ⬆️411 ⬇️485
Crude palm oil: RM3,877 (+RM32)

Dow Futures: 34,321 pts (-95 pts)

Source: Bloomberg, M+ Online

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