M+ Online Market Wrap - 12 Jun 23

FBM KLCI: 1,386.77 pts (+10.69 pts, 0.78%)

The FBM KLCI (+0.78%) rallied in tandem with the regional peers as bargain hunting activities emerged within the banking heavyweights, brushing off the concerns over the upcoming US CPI data and FOMC meeting decision this week. Market breadth turned positive as the advancers the decliners by 481-to-371 stocks. The energy sector plummeted as investors offloaded ARMADA (-5.5 sen), VELESTO (-1.0 sen), and DAYANG (-2.0 sen) amid worries over China’s growth. 

Top 3 Active stocks:
ARMADA (5210): RM0.42 (-5.5 sen)
XOX (0165): RM0.02 (+0.5 sen)

CLASSITA (7154): RM0.13 (+0.5 sen)

Volume: 3.01 bn (100-day avg vol: 3.18 bn)
Value: RM1.72 bn (100-day avg val: RM2.00 bn)
Market Breadth: ⬆️481 ⬇️371
Crude palm oil: RM3,322 (-RM45)

Dow Futures: 34,283 pts (+81 pts)

Source: Bloomberg, M+ Online

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