M+ Online Market Wrap - 3 Aug 23

FBM KLCI: 1,441.85 pts (-2.71pts, -0.19%)

The FBMKLCI (-0.19%) traded lower accompanied by lower trading value, and it has formed a hammer pattern as buying interest picked up near the SMA200 zone; buying activities were observed within PCHEM (+10.0 sen), CDB (+6.0 sen) and SIMEPLT (+4.0 sen). Market breadth was still negative with advancers lagged behind decliners by a ratio of 7-to-10. Despite the pullback on Nasdaq overnight, the technology sector managed to stay positive and bucking the overall broader market trend, rising 0.51% led by FRONTKN (+13.0 sen), INARI (+5.0 sen) and GREATEC (+10.0 sen).

Top 3 Active stocks:
UEMS (5148): RM0.505 (+4.5 sen)
CLASSITA (7154): RM0.16 (+3.5 sen)

MRCB (1651): RM0.375 (unch)

Volume: 2.94 bn (100-day avg vol: 3.01 bn)
Value: RM1.66 bn (100-day avg val: RM1.87 bn)
Market Breadth: ⬆361 ⬇510
Crude palm oil: RM3,838 (-RM77)

Dow Futures: 35,275 pts (-128 pts)

Source: Bloomberg, M+ Online

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