M+ Online Market Wrap - 15 Aug 23

FBM KLCI: 1,460.28 pts (+3.28pts, +0.23%)

After a 3-day pullback, the FBM KLCI closed higher by 0.23%, forming a flag formation breakout, thanks to the buying interest within PBBANK (+6.0 sen), TENAGA (+9.0 sen) and MAXIS (+5.0 sen). Market breadth stayed positive with 603 advancers as compared to 369 decliners. On the broader market, the Utilities sector ended firmly higher, rising 2.21% amid the positive trading mood on YTLPOWR (+9.0 sen) and TENAGA (+9.0 sen). Meanwhile, the Property sector added 1.14% led by SPSETIA (+4.0 sen) and SIMEPROP (+1.5 sen).

Top 3 Active stocks:
CLASSITA (7154): RM0.075 (-1.0 sen)
GLXT (0284): RM0.255 (+6.5 sen)

MYEG (0138): RM0.795 (+2.0 sen)

Volume: 3.87 bn (100-day avg vol: 3.01 bn)
Value: RM2.12 bn (100-day avg val: RM1.84 bn)
Market Breadth: ⬆603 ⬇369
Crude palm oil: RM3,810 (+RM116)

Dow Futures: 35,234 pts (-137 pts)

Source: Bloomberg, M+ Online

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