M+ Online Market Wrap - 19 Jun 23

FBM KLCI: 1,387.33 pts (-1.28 pts, -0.09%)

The FBM KLCI (-0.09%) inched lower after the FBMKLCI rebalancing activities last Friday, coupled with the sluggish regional sentiment as well as cautious sentiment ahead of the semi-annual testimony by the US Fed Chair to the lawmakers. Market breadth remained negative as the decliners led the advancers by 452-to-372 stocks. The health care sector (-1.70%) extended its downtrend move, weighed by selldown in TOPGLOV (-6.0 sen), IHH (-4.0 sen), KPJ (-4.0 sen), while the plantation sector (+1.60%) outperformed the broader market as KLK (+128.0 sen), SIMEPLT (+5.0 sen), and BPLANT (+12.0 sen) led gains following a jump in CPO prices. 

Top 3 Active stocks:
BORNOIL (7036): RM0.015 (unch)
SCIB (9237): RM0.42 (+1.5 sen)

KNM (7164): RM0.09 (+0.5 sen)

Volume: 2.58 bn (100-day avg vol: 3.17 bn)
Value: RM1.47 bn (100-day avg val: RM2.00 bn)
Market Breadth: ⬆️372 ⬇️452
Crude palm oil: RM3,777 (+RM34)

Dow Futures: 34,576 pts (-28 pts)

Source: Bloomberg, M+ Online

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