M+ Online Market Wrap - 22 Aug 23

FBM KLCI: 1,451.53 pts (+0.96pts, +0.07%)

The FBM KLCI (0.07%) rebounded marginally and closed in the positive region for the second straight session; supported by the buying interest in selected heavyweights such as PMETAL (+11.0 sen), PCHEM (+11.0 sen), and IHH (+4.0 sen). Market breadth was however, negative with losers outpaced gainers by 490-to-432 stocks. On the broader market, the Technology sector added 1.24% following the positive performance on Nasdaq overnight; buying interest were seen within MYEG (+2.5 sen), INARI (+4.0 sen) and FRONTKN (+7.0 sen). It was followed by the Industrial Products & Services sector, which added 0.62%. 

Top 3 Active stocks:
HONGSENG (0041): RM0.055 (-0.5 sen)
CNASIA (7986): RM0.27 (+8.5 sen)

MYEG (0138): RM0.815 (+2.5 sen)

Volume: 3.31 bn (100-day avg vol: 3.02 bn)
Value: RM1.93 bn (100-day avg val: RM1.83 bn)
Market Breadth: ⬆432 ⬇490
Crude palm oil: RM3,868 (-RM68)

Dow Futures: 34,574 pts (+50 pts)

Source: Bloomberg, M+ Online

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