M+ Online Market Wrap - 24 Feb 23

FBM KLCI: 1,456.80 pts (-0.85 pts, -0.06%)

The FBM KLCI (-0.06%) edged lower, albeit recouping most of its intraday losses as sentiment remained cautious while investors digesting the Budget 2023 speech. Market breadth was negative as the decliners hammered the advancers by 535-to-419 stocks. The energy sector (+3.05%), however outperformed the mixed broader market along with the firmer crude oil price, led by VELESTO (+3.5 sen), DIALOG (+2.0 sen), and YINSON (+3.0 sen). Meanwhile, the industrial products & services sector (-2.52%) was the worst declining sector. 

Top 3 Active stocks:
MYEG (0138): RM0.735 (+5.0 sen)
VELESTO (5243): RM0.275 (+3.5 sen)

MTAG (0213): RM0.425 (-18.0 sen)

Volume: 3.43 bn (100-day avg vol: 2.98 bn)
Value: RM2.58 bn (100-day avg val: RM1.96 bn)
Market Breadth: ⬆️419 ⬇️535
Crude palm oil: RM4,206 (-RM29)

Dow Futures: 33,111 pts (-71 pts)

Source: Bloomberg, M+ Online

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