M+ Online Market Wrap - 18 May 23

FBM KLCI: 1,428.04 pts (+3.70 pts, +0.26%)

The FBM KLCI (+0.26%) advanced to close at intraday high in tandem with the positive regional markets with selected banking and consumer related heavyweights leading the gains. Market breadth was positive as the advancers led the decliners by 477-to-355 stocks. Broader market ended largely in green, with the health care sector (+3.71%) surging on the back of persisted buying momentum in HARTA (+31.0 sen), TOPGLOV (+6.0 sen), and IHH (+5.0 sen).  Meanwhile, investors piled into energy counters (+1.25%) such as ARMADA (+1.5 sen), HIBISCS (+3.5 sen), and DIALOG (+1.0 sen). 

Top 3 Active stocks:
REVENUE (0200): RM0.305 (-0.5 sen)
TOPGLOV (7113): RM1.17 (+6.0 sen)

VELESTO (5243): RM0.255 (+0.5 sen)

Volume: 2.65 bn (100-day avg vol: 3.19 bn)
Value: RM1.82 bn (100-day avg val: RM1.96 bn)
Market Breadth: ⬆️477 ⬇️355
Crude palm oil: RM3,406 (-RM28)

Dow Futures: 33,484 pts (+6 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.