M+ Online Market Wrap - 15 May 23

FBM KLCI: 1,417.37 pts (-5.55 pts, -0.39%)

The FBM KLCI (-0.39%) began the week with losses as the morning rebound attempt fizzled off without significant fresh catalyst. Market breadth remained negative as the decliners trounced the advancers by 547-to-304 stocks. All the 13 major sectorial indices were painted in red, with the telecommunications & media (-1.11%) being the biggest losing sector with selldown being noticed in CDB (-6.0 sen), AXIATA (-5.0 sen), and TM (-3.0 sen). 

Top 3 Active stocks:
VSOLAR (0066): RM0.005 (unch)
JADEM (7043): RM0.265 (-0.5 sen)

BSLCORP (7221): RM0.05 (+0.5 sen)

Volume: 2.66 bn (100-day avg vol: 3.19 bn)
Value: RM1.41 bn (100-day avg val: RM1.97 bn)
Market Breadth: ⬆️304 ⬇️547
Crude palm oil: RM3,625 (-RM23)

Dow Futures: 33,456 pts (+101 pts)

Source: Bloomberg, M+ Online

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