M+ Online Market Wrap - 27 Jan 23

FBM KLCI: 1,497.55 pts (-0.84pts, -0.06%)

The FBM KLCI (-0.1%) closed marginally lower after briefly re-tested the 1,500 level as the lack of fresh leads attracted further profit taking. Market breadth, however, stayed positive as the advancers overpowered the decliners by 542-to-384 stocks. Meanwhile, the energy sector (+1.2%) took the top spot amongst the mostly positive sectorial peers, driven by gains from HENGYUAN (+19.0 sen), PETRONM (+7.0 sen), and DIALOG (+4.0 sen) following the higher crude oil prices.  

Top 3 Active stocks:
MMAG (0034): RM0.025 (+0.5 sen)
ATAIMS (8176): RM0.405 (+1.0 sen)

NYLEX (4944): RM0.545 (+11.5 sen)

Volume: 4.62 bn (100-day avg vol: 2.83 bn)
Value: RM2.42 bn (100-day avg val: RM1.90 bn)
Market Breadth: ⬆️542 ⬇️384
Crude palm oil: RM3,878 (+RM97)

Dow Futures: 33,977 pts (-46 pts)

Source: Bloomberg, M+ Online

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.