M+ Online Market Wrap - 19 Apr 23

FBM KLCI: 1,425.07 pts (-7.29 pts, -0.51%)

The FBM KLCI (-0.51%) pulled back further amid resurfaced worries over interest rate hikes in the upcoming FOMC meeting that outweighed the optimism over China’s economic growth. Market breadth remained negative as the decliners thumped the advancers by 597-to-265 stocks. The market sentiment appeared to be negative on the broader market, with the health care sector (-2.63%) leading the decline as TOPGLOV (-4.0 sen), IHH (-3.0 sen), and SUPERMX (-7.0 sen) slumped. On the flipside, the utilities sector (+0.03%) was the sole gaining sector. 

Top 3 Active stocks:
FITTERS (9318): RM0.05 (unch)
PHARMA (7081): RM0.39 (+1.5 sen)

HONGSENG (0041): RM0.125 (-0.5 sen)

Volume: 3.14 bn (100-day avg vol: 3.35 bn)
Value: RM1.76 bn (100-day avg val: RM2.10 bn)
Market Breadth: ⬆️265 ⬇️597
Crude palm oil: RM3,743 (-RM46)

Dow Futures: 33,982 pts (-142 pts)

Source: Bloomberg, M+ Online
 

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