M+ Online Market Wrap - 26 May 23

FBM KLCI: 1,402.98 pts (+0.50 pts, +0.04%)

The FBM KLCI (+0.04%) ended the volatile session marginally higher following the softer CPI in Malaysia for April 2023. Market breadth remained negative as the decliners outnumbered the advancers by 433-to-403 stocks. The technology sector (+3.15%) outperformed the broader market as INARI (+21.0 sen), FRONTKN (+24.0 sen), and GREATEC (+23.0 sen) surged, taking cue from the positive performance on Nasdaq overnight. Meanwhile, the utilities sector (+2.34%) gained momentum, powered by YTLPOWR (+9.0 sen), TENAGA (+11.0 sen), and YTL (+5.5 sen). 

Top 3 Active stocks:
YTL (4677): RM0.835 (+5.5 sen)
BAHVEST (0098): RM0.225 (+4.0 sen)

TANCO (2429): RM0.485 (-5.5 sen)

Volume: 2.44 bn (100-day avg vol: 3.17 bn)
Value: RM2.28 bn (100-day avg val: RM1.96 bn)
Market Breadth: ⬆️403 ⬇️433
Crude palm oil: RM3,578 (+RM85)

Dow Futures: 32,762 pts (-44 pts)

Source: Bloomberg, M+ Online

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