M+ Online Market Wrap - 10 Mar 23

FBM KLCI: 1,433.08 pts (-16.45pts, -1.13%)
The FBM KLCI (-1.13%) succumbed to further selling pressure along with the bearish regional markets' sentiment following the slump on Wall Street overnight. Market breadth remained negative as the decliners hammered the advancers by 694-to-239 stocks. All 13 major sectorial indices ended in the negative territory with the energy sector (-2.93%) leading the declines, dragged by losses in DIALOG (-4.0 sen), YINSON (-6.0 sen), and VELESTO (-2.0 sen) amid declining crude oil prices.

Top 3 Active stocks:
CEB (5311): RM1.50 (unch)
HONGSENG (0041): RM0.15 (+0.5 sen)
VELESTO (5243): RM0.215 (-2.0 sen)

Volume: 2.73 bn (100-day avg vol: 3.20 bn)
Value: RM2.12 bn (100-day avg val: RM2.05 bn)
Market Breadth: 239 694
Crude palm oil: RM4,121 (-RM84)
Dow Futures: 32,075 pts (-184 pts)

Source: Bloomberg, M+ Online

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