M+ Online Market Wrap - 1 Mar 23

FBM KLCI: 1,450.20 pts (-3.99pts, -0.27%)

The FBM KLCI (-0.27%) sank in the absence of fresh catalyst to close just above its support at 1,450, bucking the positive performances across the regional markets. Market breadth remained negative as the decliners outpaced the advancers by 528-to-436 stocks. The transportation & logistics sector (-1.73%) slumped, weighed by MISC (-13.0 sen), WPRTS (-7.0 sen), and HEXTECH (-106.0 sen). Selldown was also noticed in the health care sector (-1.02%), particularly in IHH (-8.0 sen), TOPGLOV (-4.0 sen), and HARTA (-2.0 sen). 

Top 3 Active stocks:
ICON (5255): RM0.09 (-3.0 sen)
VELESTO (5243): RM0.195 (+0.5 sen)

MYEG (0138): RM0.735 (+1.5 sen)

Volume: 3.21 bn (100-day avg vol: 3.16 bn)
Value: RM2.04 bn (100-day avg val: RM2.04 bn)
Market Breadth: ⬆️436 ⬇️528
Crude palm oil: RM4,196 (+RM54)

Dow Futures: 32,753 pts (+71 pts)

Source: Bloomberg, M+ Online

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