M+ Online Market Wrap - 18 Jul 23

FBM KLCI: 1,403.03 pts (-3.07pts, -0.22%)

The FBMKLCI (-0.22%) ended broadly lower ahead of the mid-week public holiday as profit taking activities kicked in on the index heavyweights such CIMB (-7.0 sen), MAYBANK (-3.0 sen) and PBBANK (-3.0 sen). Market breadth turned negative as decliners led advancers by 475-to-420 stocks. On the broader market, the property and plantation were the leading sectors for the session; IOIPG added 6.0 sen and SIMEPROP rose 4.5 sen, while SIMEPLT and IOICORP added 3.0 sen each.

Top 3 Active stocks:
UEMS (5148): RM0.39 (+0.5 sen)
CLASSITA (7154): RM0.23 (+0.5 sen)

ASB (1481): RM0.17 (+0.5 sen)

Volume: 3.40 bn (100-day avg vol: 2.99 bn)
Value: RM2.00 bn (100-day avg val: RM1.88 bn)
Market Breadth: ⬆420 ⬇475
Crude palm oil: RM3,887 (-RM43)

Dow Futures: 34,763 pts (-0 pts)

Source: Bloomberg, M+ Online

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