M+ Online Market Wrap - 11 Apr 23

FBM KLCI: 1,435.89 pts (+7.76pts, +0.54%)

The FBM KLCI (+0.54%) rally strengthened along with most of the regional markets on the back of less hawkish signal by central bank. Market breadth turned positive as the advancers hammered the decliners by 535-to-321 stocks. The telecommunications & media sector (+1.00%) emerged as top winning sector, boosted by CDB (+2.0 sen), TIMECOM (+6.0 sen), and AXIATA (+1.0 sen), while the energy sector (+0.97%) advanced on gains from DIALOG (+3.0 sen), VELESTO (+1.0 sen), and HIBISCS (+2.0 sen).   

Top 3 Active stocks:
HONGSENG (0041): RM0.125 (+1.0 sen)
CYPARK (5184): RM0.87 (+6.0 sen)

TOPGLOV (7113): RM1.15 (unch)

Volume: 3.06 bn (100-day avg vol: 3.34 bn)
Value: RM1.84 bn (100-day avg val: RM2.10 bn)
Market Breadth: ⬆️535 ⬇️321
Crude palm oil: RM3,909 (+RM72)

Dow Futures: 33,797 pts (+46 pts)

Source: Bloomberg, M+ Online

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