M+ Online Market Wrap - 25 Aug 23

FBM KLCI: 1,444.41 pts (-0.26pts, -0.02%)

The FBM KLCI (-0.02%) ended flat after hitting an intraday low around 1,438.51 pts as bargain hunting activities emerged amongst the heavyweights and the deals between (i) UMW-SIME and (ii) KLK-BPLANT supported the trading tone on our local front, despite the selldown in the US stock markets. Market breadth was, however negative with decliners led advancers by a ratio of 11-to-8. On the broader market, the Construction (+1.42%), Property (+1.26%) and Utilities (+0.94%) sectors traded firmer for the session. 

Top 3 Active stocks:
RGB (0037): RM0.36 (-1.5 sen)
BPLANT (5254): RM1.49 (+12.0 sen)

IWCITY (1589): RM0.595 (+11.0 sen)

Volume: 3.72 bn (100-day avg vol: 3.03 bn)
Value: RM2.66 bn (100-day avg val: RM1.84 bn)
Market Breadth: ⬆395 ⬇547
Crude palm oil: RM3,940 (+RM59)

Dow Futures: 34,210 pts (+70 pts)

Source: Bloomberg, M+ Online

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