M+ Online Market Wrap - 11 May 23

FBM KLCI: 1,425.18 pts (-0.50pts, -0.04%)

The FBM KLCI (-0.04%) remained downbeat after erasing all its intraday gains as investors remained tepid while awaiting Malaysia’s 1Q23 GDP growth rate tomorrow. Market breadth remained negative as the decliners thumped the advancers by 467-to-310 stocks. Broader market closed largely in the negative territory, with the technology sector (-1.26%) leading the decline, dragged by INARI (-8.0 sen), GREATEC (-16.0 sen), and FRONTKN (-8.0 sen). 

Top 3 Active stocks:
VINVEST (0069): RM0.195 (-0.5 sen)
BAHVEST (0098): RM0.13 (+1.5 sen)

FITTERS (9318): RM0.05 (unch)

Volume: 3.40 bn (100-day avg vol: 3.19 bn)
Value: RM1.62 bn (100-day avg val: RM1.97 bn)
Market Breadth: ⬆️310 ⬇️467
Crude palm oil: RM3,628 (-RM81)

Dow Futures: 33,657 pts (+55 pts)

Source: Bloomberg, M+ Online

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