M+ Online Market Wrap - 25 May 23

FBM KLCI: 1,402.48 pts (-7.14 pts, -0.51%)

The FBM KLCI (-0.51%) suffered another declining session as the banking and plantation heavyweights were beaten down. Market breadth remained negative as the decliners hammered the advancers by 556-to-293 stocks. The health care sector (-2.86%) plunged on the back of intensified selling pressure in HARTA (-21.0 sen), TOPGLOV (-6.0 sen), and AHEALTH (-21.0 sen), while the technology sector (+0.40%) rebounded and outperformed the broader market. 

Top 3 Active stocks:
VELESTO (5243): RM0.225 (-3.0 sen)
BAHVEST (0098): RM0.185 (-0.5 sen)

PARKSON (5657): RM0.16 (+1.0 sen)

Volume: 2.36 bn (100-day avg vol: 3.17 bn)
Value: RM1.63 bn (100-day avg val: RM1.95 bn)
Market Breadth: ⬆️293 ⬇️556
Crude palm oil: RM3,491 (+RM84)

Dow Futures: 32,775 pts (-79 pts)

Source: Bloomberg, M+ Online

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