M+ Online Market Wrap - 11 Aug 23

FBM KLCI: 1,457.16 pts (-1.77pts, -0.12%)

After traded at the intraday low of 1,449.67 pts (-0.63%) following the opening bell, the FBMKLCI has narrowed its losses and closed marginally lower by -0.12% led by buying support within TENAGA (+7.0 sen), GENTING (+8.0 sen) and MAYBANK (+2.0 sen). Market breadth, however, was positive with advancers led decliners by a ratio of 5-to-4. On the broader market, the Property (+0.86%) and Construction (+0.70%) sectors ended firmly higher ahead of the state election, while the REIT (-0.81%) and Utilities (-0.76%) sectors traded softer for the session led by profit taking activities within SUNREIT (-2.0 sen) and YTL (-5.0 sen). 

Top 3 Active stocks:
CLASSITA (7154): RM0.09 (-0.5 sen)
SAPNRG (5218): RM0.06 (unch)

RGB (0037): RM0.38 (+1.0 sen)

Volume: 2.94 bn (100-day avg vol: 3.01 bn)
Value: RM1.86 bn (100-day avg val: RM1.84 bn)
Market Breadth: ⬆502 ⬇382
Crude palm oil: RM3,716 (-RM12)

Dow Futures: 35,273 pts (+22 pts)

Source: Bloomberg, M+ Online

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