M+ Online Market Wrap - 28 Feb 23

FBM KLCI: 1,454.19 pts (-1.31 pts, -0.09%)

The FBM KLCI (-0.09%) declined for the fifth consecutive session after enduring a short-lived rebound in the morning session as the market sentiment remained tepid despite a positive rebound on Wall Street overnight. Market breadth was negative as the decliners thumped the advancers by 739-to-255 stocks. The energy sector (-5.21%) tumbled on heavy selldown in VELESTO (8.5 sen), DIALOG (-7.0 sen), and ARMADA (-1.0 sen). 

Top 3 Active stocks:
VELESTO (5243): RM0.19 (-8.5 sen)
HARTA (5168): RM1.47 (-8.0 sen)

GAMUDA (5398): RM4.20 (unch)

Volume: 4.63 bn (100-day avg vol: 2.97 bn)
Value: RM3.95 bn (100-day avg val: RM1.96 bn)
Market Breadth: ⬆️255 ⬇️739
Crude palm oil: RM4,183 (-RM42)

Dow Futures: 32,858 pts (-51 pts)

Source: Bloomberg, M+ Online

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