M+ Online Market Wrap - 9 Aug 23
FBM KLCI: 1,462.03 pts (+11.03pts, +0.76%)
The FBMKLCI (+0.76%) gained momentum above the 1,450 level as buying interest was noted within the banking and telco heavyweights; CDB (+15.0 sen), PBBANK (+3.0 sen) and CIMB (+5.0 sen) were the leading heavyweights on the key index. Market breadth remained positive with decliners lagged advancers with 430-to-417 stocks. Meanwhile, on the broader market, the technology (+0.77%) sector lead the overall market higher with buying activities observed within INARI (+7.0 sen), UNISEM (+7.0 en) and UWC (+4.0 sen). On the other hand, the healthcare sector declined by 0.50% led by HARTA (-5. sen), TOPGLOV (-0.5 sen) and KOSSAN (-1.0 sen).
Top 3 Active stocks:
CLASSITA (7154): RM0.10 (-1.5 sen)
HANDAL (7253): RM0.265 (+2.0 sen)
SAPNRG (5218): RM0.055 (unch)
Volume: 3.17 bn (100-day avg vol: 3.01 bn)
Value: RM2.19 bn (100-day avg val: RM1.85 bn)
Market Breadth: ⬆430 ⬇417
Crude palm oil: RM3,771 (+RM78)
Dow Futures: 35,444 pts (+49 pts)
Source: Bloomberg, M+ Online
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