M+ Online Market Wrap - 14 Jun 23
FBM KLCI: 1,385.42 pts (+4.81 pts, +0.35%)
The FBM KLCI (+0.35%) followed the Wall Street's movements to rebound higher as cooling of the US inflation data reinforced anticipation over a pause in interest rate hikes by the US Fed. Market breadth turned positive as the advancers outbeat the decliners by 504-to-368 stocks. The technology sector (+1.29%) advanced, extending its previous session’s gains as INARI (+10.0 sen), MYEG (+2.0 sen), and VITROX (+12.0 sen) gained momentum.
Top 3 Active stocks:
SCIB (9237): RM0.385 (+1.5 sen)
XOX (0165): RM0.015 (unch)
MYEG (0138): RM0.86 (+2.0 sen)
Volume: 2.86 bn (100-day avg vol: 3.17 bn)
Value: RM1.75 bn (100-day avg val: RM2.00 bn)
Market Breadth: ⬆️504 ⬇️368
Crude palm oil: RM3,447 (+RM31)
Dow Futures: 34,510 pts (-21 pts)
Source: Bloomberg, M+ Online
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