M+ Online Market Wrap - 23 Aug 23

FBM KLCI: 1,440.11 pts (-11.42pts, -0.79%)

The FBM KLCI (-0.79%) ended in the negative territory as more than 80% of the index heavyweights traded lower; some of the laggards include PCHEM (-21.0 sen), PBBANK (-5.0 sen) and IHH (-8.0 sen). Market breadth was negative with 466 decliners, 379 gainers, while 489 traded unchanged. On the broader market, 10 out of the 13 sub-indices ended in red, while the Energy (+1.54%), Transportation & Logistics (+0.34%) and Property (+0.13%) sectors. The Energy sector was lifted by positive trading interest in YINSON (+7.0 sen), PERDANA (+5.0 sen) and DIALOG (+1.0 sen). 

Top 3 Active stocks:
PERDANA (7108): RM0.235 (+5.0 sen)
PARKSON (5657): RM0.365 (+4.5 sen)

WIDAD (0162): RM0.44 (unch)

Volume: 3.23 bn (100-day avg vol: 3.02 bn)
Value: RM1.97 bn (100-day avg val: RM1.83 bn)
Market Breadth: ⬆379 ⬇466
Crude palm oil: RM3,836 (-RM30)

Dow Futures: 34,486 pts (+142 pts)

Source: Bloomberg, M+ Online

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