M+ Online Market Wrap - 7 Jul 23

FBM KLCI: 1,379.69 pts (-8.28pts, -0.60%)

The FBM KLCI (-0.60%) declined further, extending its losing streak to 4 sessions in tandem with the sentiment across the regional and global stock exchange; selling pressure were noticed within the selected banking and telco heavyweights such as MAYBANK (-6.0 sen), PBBANK (-3.0 sen) and CDB (-6.0 sen). Market breadth, was negative with 435 decliners as compared to 304 gainers. The industrial products & services sectors (+0.25%) and REIT(+0.10%). Meanwhile, the construction sector rose (+0.07%) led by WCEHB (+3.5 sen) and BPURI (+0.5 sen).

Top 3 Active stocks:
AHB (7315): RM0.0.15 (unch)
CLASSITA (7154): RM0.095 (+0.5 sen)

MYEG (0138): RM0.715 (-1.5 sen)

Volume: 1.97 bn (100-day avg vol: 3.03 bn)
Value: RM1.41 bn (100-day avg val: RM1.91 bn)
Market Breadth: ⬆304 ⬇435
Crude palm oil: RM3,841 (-RM70)

Dow Futures: 34,096 pts (-35 pts)

Source: Bloomberg, M+ Online

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