M+ Online Market Wrap - 11 Jul 23 
 
FBM KLCI: 1,391.46 pts (+8.40pts, +0.61%) 
The FBM KLCI (+0.61%) ended on a positive tone ahead of the US CPI print tomorrow; we noticed that the buying interest emerged within the telco and banking heavyweights such as CDB (+8.0 en) and MAYBANK (+7.0 sen). Market breadth was positive with the gainers outpaced losers by 471-to-368 stocks. On the broader market, the technology (+1.32%), plantation (+1.08%) and telco & media (+0.85%) were the leading sectors. Also, we believe the construction stocks were gaining traction in view of potential contracts to be dished out following the conclusion of the state elections. 
 
Top 3 Active stocks: 
BSLCORP (7221): RM0.044 (unch) 
WIDAD (0162): RM0.42 (+0.5 sen) 
SCIB (9237): RM0.485 (+2.5 sen) 
 
Volume: 2.83 bn (100-day avg vol: 3.00 bn) 
Value: RM1.86 bn (100-day avg val: RM1.89 bn) 
Market Breadth: ⬆471 ⬇368 
Crude palm oil: RM3,905 (-RM15) 
Dow Futures: 34,089 pts (-57 pts) 
 
Source: Bloomberg, M+ Online

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