M+ Online Market Wrap - 31 May 23
FBM KLCI: 1,387.12 pts (-9.79 pts, -0.70%)
The FBM KLCI (-0.70%) drifted further from the 1,400 level in tandem with regional markets’ decline as contraction of Chinese manufacturing PMI sparked worries over economy recovery. Market breadth remained negative as the decliners thumped the advancers by 521-to-360 stocks. The construction sector (+2.20%) was the biggest winning sector, led by GAMUDA (+18.0 sen), IJM (+6.0 sen), and WCT (+1.0 sen).
Top 3 Active stocks:
MYEG (0138): RM0.84 (+5.0 sen)
RADIUM (5313): RM0.385 (-11.5 sen)
YTL (4677): RM0.97 (+6.0 sen)
Volume: 3.54 bn (100-day avg vol: 3.18 bn)
Value: RM5.25 bn (100-day avg val: RM1.97 bn)
Market Breadth: ⬆️360 ⬇️521
Crude palm oil: RM3,399 (-RM157)
Dow Futures: 33,052 pts (-37 pts)
Source: Bloomberg, M+ Online
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