M+ Online Market Wrap - 5 May 23

FBM KLCI: 1,431.04 pts (+5.05pts, +0.35%)

The FBM KLCI (+0.35%) recouped earlier losses and closed in the positive territory despite mixed regional bourses' performances following Wall Street’s losses overnight as well as the China Caixin Services PMI showed a slower growth in China’s services sector. Market breadth however, was negative as the decliners led the advancers by 487-to-332 stocks. The technology sector (-1.26%) tumbled after Nasdaq fell below the psychological 12,000 level, primarily dragged by MPI (-114.0 sen), UNISEM (-8.0 sen), and VITROX (-10.0 sen). 

Top 3 Active stocks:
JADEM (7043): RM0.27 (-1.0 sen)
REVENUE (0200): RM0.34 (-1.0 sen)

VINVEST (0069): RM0.20 (-1.0 sen)

Volume: 2.57 bn (100-day avg vol: 3.22 bn)
Value: RM1.42 bn (100-day avg val: RM1.99 bn)
Market Breadth: ⬆️332 ⬇️487
Crude palm oil: RM3,602 (+RM177)

Dow Futures: 33,296 pts (+100 pts)

Source: Bloomberg, M+ Online

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