M+ Online Market Wrap - 5 Jul 23

FBM KLCI: 1,389.90 pts (-2.59pts, -0.19%)

The FBM KLCI (-0.19%) declined after traded mostly in the positive territory as China's Services PMI fell to 53.9 in June vs. 57.1 in May; led by selling pressure in MRDIY (-6.0 sen), NESTLE (-150.0 sen) and PCHEM (-4.0 sen). Market breadth, however remained positive with the gainers ahead of the losers by 438-to-378 stocks. On the broader market, the plantation sector increased 1.27% as the Crude Palm Oil futures traded above the SMA200 level. Meanwhile, the energy sector added 0.73% led by VELESTO (1.5 sen), HENGYUAN (+15.0 sen) and MHB (+1.5 sen). 

Top 3 Active stocks:
BTM (7188): RM0.095 (+0.5 sen)
SCIB (9237): RM0.475 (+0.5 sen)

PARKSON (5657): RM0.215 (+2.5 sen)

Volume: 2.54 bn (100-day avg vol: 3.06 bn)
Value: RM1.52 bn (100-day avg val: RM1.93 bn)
Market Breadth: ⬆438 ⬇378
Crude palm oil: RM3,868 (-RM15)

Dow Futures: 34,498 pts (-139 pts)

Source: Bloomberg, M+ Online

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