M+ Online Market Wrap - 20 Mar 23

FBM KLCI: 1,401.81 pts (-9.92pts, -0.70%)

The FBM KLCI (-0.70%) fell for the session and closed just above the key 1,400 level as the regional markets were largely in the negative territory amid deepening fears over the banking crisis in the US and Switzerland. Market breadth remained negative as the decliners hammered the advancers by 653-to-275 stocks. The energy sector (-4.58%) tumbled as declining crude oil price weighed on the oil & gas stocks including ARMADA (-4.5 sen), VELESTO (-3.0 sen), and DIALOG (-3.0 sen). 

Top 3 Active stocks:
GPACKET (0082): RM0.055 (+0.5 sen)
HONGSENG (0041): RM0.14 (-0.5 sen)

TOPGLOV (7113): RM0.905 (-1.0 sen)

Volume: 3.47 bn (100-day avg vol: 3.28 bn)
Value: RM1.93 bn (100-day avg val: RM2.11 bn)
Market Breadth: ⬆️275 ⬇️653
Crude palm oil: RM3,793 (-RM127)

Dow Futures: 31,878 pts (-193 pts)

Source: Bloomberg, M+ Online

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