M+ Online Market Wrap - 1 Jun 23

FBM KLCI: 1,383.01 pts (-4.11 pts, -0.30%)

The FBM KLCI (-0.30%) settled lower as the key index extended losses for the third straight session despite the passage of US debt ceiling bill with majority support. Market breadth remained negative as the decliners outpaced the advancers by 474-to-319 stocks. The construction sector (-1.99%) staged a pullback after booking a strong gain yesterday, dragged by GAMUDA (-18.0 sen), WCEHB (-1.5 sen), and KERJAYA (-3.0 sen). 

Top 3 Active stocks:
BORNOIL (7036): RM0.02 (unch)
YTL (4677): RM0.90 (-7.0 sen)

SYNERGY (0279): RM0.35 (-8.0 sen)

Volume: 2.94 bn (100-day avg vol: 3.19 bn)
Value: RM1.83 bn (100-day avg val: RM2.01 bn)
Market Breadth: ⬆️319 ⬇️474
Crude palm oil: RM3,282 (-RM117)

Dow Futures: 33,015 pts (+36 pts)

Source: Bloomberg, M+ Online

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