M+ Online Market Wrap - 29 May 23

FBM KLCI: 1,404.93 pts (+1.95 pts, +0.14%)

The FBM KLCI (+0.14%) ended with minor gains amid improved sentiment after a tentative deal was reached over the US debt ceiling. Market breadth however, remained negative as the decliners outpaced the advancers by 449-to-376 stocks. The technology sector (+1.24%) rallied in tandem with Nasdaq’s uptrend move last Friday, buoyed by gains in MPI (+88.0 sen), FRONTKN (+9.0 sen), and GREATEC (+11.0 sen).  

Top 3 Active stocks:
CLOUDPT (0277): RM0.515 (+13.5 sen)
BAHVEST (0098): RM0.20 (-2.5 sen)

YTL (4677): RM0.90 (+6.5 sen)

Volume: 2.73 bn (100-day avg vol: 3.17 bn)
Value: RM1.87 bn (100-day avg val: RM1.97 bn)
Market Breadth: ⬆️376 ⬇️449
Crude palm oil: RM3,550 (-RM36)

Dow Futures: 33,222 pts (+97 pts)

Source: Bloomberg, M+ Online

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