M+ Online Market Wrap - 13 Mar 23

FBM KLCI: 1,421.83 pts (-11.25pts, -0.79%)

The FBM KLCI (-0.79%) remained under pressure as investors weighed on the developments on the Silicon Valley Bank. Market breadth remained negative with the decliners thumping the advancers by 703-to-254 stocks. The financial services sector (-1.53%) suffered big losses from PBBANK (-1.0 sen), HLFG (-14.0 sen), and RHBBANK (-3.0 sen). On the other hand, the plantation sector (+0.44%) was the sole advancing sector across the broader market, lifted by IOICORP (+10.0 sen), SIMEPLT (+2.0 sen), and GENP (+6.0 sen). 

Top 3 Active stocks:
SAPNRG (5218): RM0.05 (+0.5 sen)
BSLCORP (7221): RM0.06 (-7.5 sen)

MYEG (0138): RM0.775 (+4.0 sen)

Volume: 3.50 bn (100-day avg vol: 3.21 bn)
Value: RM2.15 bn (100-day avg val: RM2.06 bn)
Market Breadth: ⬆️254 ⬇️703
Crude palm oil: RM4,078 (-RM15)

Dow Futures: 32,196 pts (+31 pts)

Source: Bloomberg, M+ Online

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