M+ Online Market Wrap - 16 May 23

FBM KLCI: 1,423.50 pts (+6.13 pts, +0.43%)

The FBM KLCI (+0.43%) rebounded, snapping its five-session losing streak as the key index tracked the positive performance on Wall Street overnight. Market breadth turned positive as the advancers outpaced the decliners by 428-to-361 stocks. The health care sector (+1.27%) gained momentum on the back of gains from TOPGLOV (+3.0 sen), HARTA (+3.0 sen), and KOSSAN (+4.0 sen) as investors returned to the glove counters on rotational play, while REIT (-0.83%) was the biggest decliner amidst improved risk appetite.  

Top 3 Active stocks:
VINVEST (0069): RM0.085 (-9.5 sen)
DNEX (4456): RM0.47 (+4.5 sen)

FITTERS (9318): RM0.05 (unch)

Volume: 2.57 bn (100-day avg vol: 3.19 bn)
Value: RM1.51 bn (100-day avg val: RM1.97 bn)
Market Breadth: ⬆️428 ⬇️361
Crude palm oil: RM3,462 (-RM154)

Dow Futures: 33,384 pts (-14 pts)

Source: Bloomberg, M+ Online

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