M+ Online Market Wrap - 10 Aug 23

FBM KLCI: 1,458.93 pts (-3.10pts, -0.21%)

The FBMKLCI (-0.21%) has turned slightly lower after the strong move yesterday, profit taking activities were seen within selected banking, plantation and telco heavyweights such as HLBANK (-24.0 sen), IOICORP (-8.0 sen) and CDB (-4.0 sen). Market breadth turned negative with decliners outpaced advancers by 464-to-358 stocks. On the broader market, overall sentiment was mixed with the plantation sector taking the heaviest beating, falling by 1.01% led by IOICORP (-8.0 sen), SIMEPLT (-6.0 sen) and KLK (-20.0 sen). 

Top 3 Active stocks:
CLASSITA (7154): RM0.095 (-0.5 sen)
VELESTO (5243): RM0.22 (-1.0 sen)

KNM (7164): RM0.09 (+0.5 sen)

Volume: 2.92 bn (100-day avg vol: 3.01 bn)
Value: RM1.83 bn (100-day avg val: RM1.85 bn)
Market Breadth: ⬆358 ⬇464
Crude palm oil: RM3,746 (-RM25)

Dow Futures: 35,396 pts (+194 pts)

Source: Bloomberg, M+ Online

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