M+ Online Market Wrap - 2 Feb 23

FBM KLCI: 1,489.80 pts (+4.30pts, +0.29%)

The FBM KLCI (+0.29%) traded in positive territory for the entire session as upbeat Wall Street overnight lifted the overall market sentiment. Market breadth turned positive as the advancers hammered the decliners by 681-to-340 stocks. The technology sector (+2.77%) advanced following a strong surge in Nasdaq overnight, buoyed by VITROX (+36.0 sen), PENTA (+34.0 sen), D&O (+19.0 sen). Meanwhile, the energy sector (+2.29%) gained momentum.  

Top 3 Active stocks:
VELESTO (5243): RM0.255 (+2.5 sen)
BORNOIL (7036): RM0.02 (unch)

HONGSENG (0041): RM0.215 (+1.5 sen)

Volume: 5.14 bn (100-day avg vol: 2.90 bn)
Value: RM2.95 bn (100-day avg val: RM1.92 bn)
Market Breadth: ⬆️681 ⬇️340
Crude palm oil: RM3,773 (-RM42)

Dow Futures: 34,138 pts (-10 pts)

Source: Bloomberg, M+ Online

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