M+ Online Market Wrap - 24 Jul 23

FBM KLCI: 1,424.69 pts (+11.17pts, +0.79%)

The FBMKLCI (+0.79%) continues to charge higher as buying interest was noticed within TENAGA (+35.0 sen), MAYBANK (+14.0 sen) and CDB (+5.0 sen). Market breadth, however was negative with 568 decliners vs. 368 advancers as profit taking activities extended within small cap and lower lineres. On the broader market, the property (-0.74%) and technology (-0.45%) were the main leading declining sectors on Bursa Exchange; the latter trended lower could be due to negative Nasdaq overnight performance. 

Top 3 Active stocks:
CLASSITA (7154): RM0.15 (-1.5 sen)
MRCB (1651): RM0.375 (-0.5 sen)

UEMS (5148): RM0.435 (-5.0 sen)

Volume: 3.30 bn (100-day avg vol: 2.99 bn)
Value: RM1.78 bn (100-day avg val: RM1.88 bn)
Market Breadth: ⬆368 ⬇568
Crude palm oil: RM4,182 (+RM147)

Dow Futures: 35,458 pts (+60 pts)

Source: Bloomberg, M+ Online

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