M+ Online Market Wrap - 6 Mar 23

FBM KLCI: 1,452.68 pts (-0.87pts, -0.06%)

The FBM KLCI (-0.06%) reversed its gains in the afternoon trade as investors traded cautiously prior to the US Fed Chair Jerome Powell’s testimony to congress. Market breadth, however remained positive as the advancers trounced the decliners by 465-to-380 stocks. The energy sector (+2.09%) emerged as the biggest winning sector amid firmer oil prices, led by DIALOG (+7.0 sen), VELESTO (+2.5 sen), and YINSON (+3.0 sen). 

Top 3 Active stocks:
MINDA (5166): RM0.13 (+4.5 sen)
VELESTO (5243): RM0.24 (+2.5 sen)

MYEG (0138): RM0.75 (+1.5 sen)

Volume: 2.84 bn (100-day avg vol: 3.18 bn)
Value: RM1.79 bn (100-day avg val: RM2.04 bn)
Market Breadth: ⬆️465 ⬇️380
Crude palm oil: RM4,300 (-RM52)

Dow Futures: 33,396 pts (-18 pts)

Source: Bloomberg, M+ Online

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