M+ Online Market Wrap - 2 Mar 23

FBM KLCI: 1,455.58 pts (+5.38pts, +0.36%)

The FBM KLCI (+0.36%) bounced higher from its immediate support at 1,450, snapping its six-day losing streak as bargain hunting activities kicked in. Market breadth, however, remained negative as the decliners led the advancers by 504-to-365 stocks. The energy sector (+1.14%) outperformed the broader market as ARMADA (+4.0 sen), YINSON (+2.0 sen), and VELESTO (+0.5 sen) gained momentum in tandem with the firm crude oil prices. 

Top 3 Active stocks:
ZENTECH (0094): RM0.02 (unch)
ARMADA (5210): RM0.66 (+4.0 sen)

VELESTO (5243): RM0.20 (+0.5 sen)

Volume: 2.47 bn (100-day avg vol: 3.16 bn)
Value: RM1.75 bn (100-day avg val: RM2.04 bn)
Market Breadth: ⬆️365 ⬇️504
Crude palm oil: RM4,297 (+RM115)

Dow Futures: 32,672 pts (-21 pts)

Source: Bloomberg, M+ Online

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