M+ Online Market Wrap - 18 Aug 23

FBM KLCI: 1,446.09 pts (-1.89pts, -0.13%)

The FBM KLCI ended lower for another session, tracking the negative sentiment on Wall Street overnight; selling pressure was noticed in CIMB (-9.0 sen), PMETAL (-10.0 sen) and PBBANK (-3.0 sen). Market breadth was negative with decliners led advancers by a ratio of 11-to-8. On the broader market, the Construction (-1.16%) and Technology (-0.89%) sectors ended lower led by IJM (-5.0 sen), WCEHB (-2.5 sen) and MYEG (-2.5 sen). On the flip side, the Plantation (+1.08%) and Transportation & Logistics (+0.39%) traded higher for the session. 

Top 3 Active stocks:
PARKSON (5657): RM0.295 (+7.5 sen)
HONGSENG (0041): RM0.06 (-0.5 sen)

AIMFLEX (0209): RM0.215 (-0.5 sen)

Volume: 3.19 bn (100-day avg vol: 3.02 bn)
Value: RM2.12 bn (100-day avg val: RM1.83 bn)
Market Breadth: ⬆380 ⬇552
Crude palm oil: RM3,871 (-RM52)

Dow Futures: 34,506 pts (-30 pts)

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.