M+ Online Market Wrap - 8 Mar 23

FBM KLCI: 1,454.66 pts (-4.01pts, -0.27%)

The FBM KLCI (-0.27%) retreated along with the negative regional markets as investors digested hawkish comment from the US Fed Chair Jerome Powell overnight. Market breadth was negative as the decliners thumped the advancers by 536-to-314 stocks. The telecommunications & media sector (+2.67%) staged a strong rebound after recent consolidation, spurred by ASTRO (+12.0 sen), MAXIS (+4.0 sen), and TM (+7.0 sen). 

Top 3 Active stocks:
CAPITALA (5099): RM0.81 (+4.0 sen)
ICON (5255): RM0.095 (unch)

TOPGLOV (7113): RM0.675 (-2.0 sen)

Volume: 2.82 bn (100-day avg vol: 3.18 bn)
Value: RM1.97 bn (100-day avg val: RM2.05 bn)
Market Breadth: ⬆️314 ⬇️536
Crude palm oil: RM4,167 (-RM38)

Dow Futures: 32,883 pts (+19 pts)

Source: Bloomberg, M+ Online

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