M+ Online Market Wrap - 3 Feb 23

FBM KLCI: 1,490.47 pts (+0.67pts, +0.04%)

The FBM KLCI (+0.04%) eked out small gains after shaking off the downward pressure in the afternoon session. Market breadth turned negative as the decliners outpaced the advancers by 510-to-443 stocks. The telecommunications & media sector (-0.93%) digested its recent gains as selling pressure was noticed in DIGI (-12.0 sen), AXIATA (-6.0 sen), and MAXIS (-2.0 sen). On the other hand, the industrial products & services sector (+0.78%) outperformed the broader market. 

Top 3 Active stocks:
BORNOIL (7036): RM0.02 (unch)
HONGSENG (0041): RM0.19 (-2.5 sen)

ZENTECH (0094): RM0.065 (-0.5 sen)

Volume: 4.36 bn (100-day avg vol: 2.92 bn)
Value: RM2.41 bn (100-day avg val: RM1.93 bn)
Market Breadth: ⬆️443 ⬇️510
Crude palm oil: RM3,836 (+RM85)

Dow Futures: 34,007 pts (-90 pts)

Source: Bloomberg, M+ Online

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