M+ Online Market Wrap - 14 Aug 23

FBM KLCI: 1,457.00 pts (-0.16pts, -0.01%)

The FBM KLCI ended flat (-0.01%) after the conclusion of the state election over the weekend, rebounding from an intra-day low of 1,452.15 pts. Despite some minor profit taking activities, we noticed the bargain hunting activities were relatively strong and pushed up several index-linked stocks such as CIMB (+4.0 sen), CDB (+3.0 sen) and MRDIY (+3.0 sen). The market breadth stayed positive with a ratio of 11-to-8. On the broader market, the Property (+2.16%) and Construction (+1.81%) sectors traded strongly for the session led by ECOWLD (+10.5 sen), SIMEPROP (+4.0 sen), GAMUDA (+6.0 sen) and IJM (+3.0 sen).

Top 3 Active stocks:
SAPNRG (5218): RM0.055 (-0.5 sen)
CLASSITA (7154): RM0.085 (-0.5 sen)

UEMS (5148): RM0.565 (+2.0 sen)

Volume: 3.51 bn (100-day avg vol: 3.01 bn)
Value: RM1.88 bn (100-day avg val: RM1.84 bn)
Market Breadth: ⬆575 ⬇404
Crude palm oil: RM3,720 (+RM3)

Dow Futures: 35,405 pts (+54 pts)

Source: Bloomberg, M+ Online

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