M+ Online Market Wrap - 23 Jun 23

FBM KLCI: 1,390.89 pts (+3.78 pts, -0.27%)

The FBM KLCI (-0.27%) fell along with the regional markets amid persisted fears over interest rate hikes direction which may potentially drag on the pace of the global economic recovery tone. Market breadth remained negative as the decliners hammered the advancers by 518-to-353 stocks. The construction sector (+1.97%), however advanced and outperformed the negative broader market, powered by GAMUDA (+21.0 sen), WCEHB (+2.0 sen), and IJM (+1.0 sen). 

Top 3 Active stocks:
EAH (0154): RM0.005 (-0.5 sen)
BAHVEST (0098): RM0.165 (-8.5 sen)

FINTEC (0150): RM0.005 (-0.5 sen)

Volume: 4.90 bn (100-day avg vol: 3.19 bn)
Value: RM1.63 bn (100-day avg val: RM1.99 bn)
Market Breadth: ⬆️353 ⬇️518
Crude palm oil: RM3,611 (+RM49)

Dow Futures: 34,100 pts (-110 pts)

Source: Bloomberg, M+ Online

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