M+ Online Market Wrap - 19 Jan 23

FBM KLCI: 1,496.22 pts (+0.72pts, +0.05%)

The FBM KLCI (+0.05%) ended marginally higher as BNM kept the OPR unchanged at 2.75%. Meanwhile, the regional markets were mixed following the negative performance on Wall Street overnight. Market breadth turned positive as the advancers outnumbered the decliners at 407-to-387 stocks. The energy sector (+1.98%) surged, lifted by YINSON (+6.0 sen), VELESTO (+2.0 sen), and ARMADA (+2.0 sen). Also, the REIT (+0.87%) sector gained traction. 

Top 3 Active stocks:
VELESTO (5243): RM0.205 (+2.0 sen)
ZENTECH (0094): RM0.04 (unch)

ECA (0267): RM0.98 (+8.0 sen)

Volume: 2.50 bn (100-day avg vol: 2.80 bn)
Value: RM1.90 bn (100-day avg val: RM1.90 bn)
Market Breadth: ⬆️407 ⬇️387
Crude palm oil: RM3,873 (+RM6)

Dow Futures: 33,256 pts (-130 pts)

Source: Bloomberg, M+ Online

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