M+ Online Market Wrap - 15 Jun 23

FBM KLCI: 1,381.73 pts (-3.69 pts, -0.27%)

The FBM KLCI (-0.27%) retreated as worries arose from slower China economic data outweighing the optimism over a pause in the US interest rate hikes. Market breadth turned negative as the decliners hammered the advancers by 547-to-361 stocks. The technology sector (-1.24%) led the broader market’s decline as profit taking activities emerged in MYEG (-2.5 sen), INARI (-5.0 sen), and MPI (-80.0 sen). 

Top 3 Active stocks:
BORNOIL (7036): RM0.015 (unch)
SCIB (9237): RM0.42 (+3.5 sen)

KNM (7164): RM0.085 (+1.0 sen)

Volume: 3.48 bn (100-day avg vol: 3.17 bn)
Value: RM1.80 bn (100-day avg val: RM1.96 bn)
Market Breadth: ⬆️361 ⬇️547
Crude palm oil: RM3,505 (+RM53)

Dow Futures: 34,257 pts (-27 pts)

Source: Bloomberg, M+ Online

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