M+ Online Market Wrap - 26 Apr 23

FBM KLCI: 1,414.25 pts (-10.94 pts, -0.77%)

The FBM KLCI (-0.77%) reversed its gains from the previous session, dragged by selected banking and energy heavyweights following a plunge in First Republic Bank deposits, where renewed concerns were observed within the banking sector. Market breadth remained negative as the decliners led the advancers by 473-to-349 stocks. The telecommunications & media sector (+2.50%) emerged as the biggest winning sector amid cautious sentiment, led by TM (+3.0 sen), STAR (+10.5 sen), MEDIA (+3.5 sen). 

Top 3 Active stocks:
STAR (6084): RM0.615 (+10.5 sen)
FITTERS (9318): RM0.05 (unch)

VINVEST (0069): RM0.20 (unch)

Volume: 2.56 bn (100-day avg vol: 3.34 bn)
Value: RM1.66 bn (100-day avg val: RM2.10 bn)
Market Breadth: ⬆️349 ⬇️473
Crude palm oil: RM3,582 (-RM53)

Dow Futures: 33,688 pts (+36 pts)

Source: Bloomberg, M+ Online
 

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.