M+ Online Market Wrap - 16 Aug 23

FBM KLCI: 1,463.51 pts (+3.23pts, +0.22%)

Again, the FBM KLCI ended on a positive note, rising by 0.22% led by TENAGA (+10.0 sen), CIMB (+5.0 sen) and GENTING (+12.0 sen). We believe the sentiment has shifted more positively after the conclusion of the state election. Market breadth was positive with a ratio of 10-to-9. On the broader market, the Construction Sector rose 1.34% supported by the positive tone in IJM (+7.0 sen), GAMUDA (+2.0 sen) and AME (+7.0 sen). On the flip side, selling pressure was notice in the Technology sector, led by INARI (-10.0 sen) and FRONTKN (-6.0 sen)

Top 3 Active stocks:
AIMFLEX (0209): RM0.205 (+4.5 sen)
UEMS (5148): RM0.61 (+4.0 sen)

KNM (7164): RM0.08 (unch)

Volume: 3.62 bn (100-day avg vol: 3.01 bn)
Value: RM2.21 bn (100-day avg val: RM1.82 bn)
Market Breadth: ⬆495 ⬇468
Crude palm oil: RM3,843 (+RM38)

Dow Futures: 35,035 pts (+28 pts)

Source: Bloomberg, M+ Online

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