M+ Online Market Wrap - 1Sep23

FBM KLCI: 1,463.43 pts (+11.49pts, +0.79%)

After a one-day pullback prior to the Merdeka public holiday, the FBM KLCI closed strongly above the 1,460 level led by selected Banking and Telco heavyweights such as CIMB (+11.0 sen), CDB (+10.0 sen) and AXIATA (+12.0 sen). Market breadth was positive with advancers led decliners by a ratio of 11-to-8. On the broader market, the traded volume and value were vibrant, rising more than 50% against their respective 100-day average values. All sectors were traded positively with the exception of Technology (-0.37%) and REIT (-0.03%). The Energy (+2.46%) and Construction (+1.54%) sectors were the leading sectors on Friday led by DIALOG, HIBISCS, IJM and JAKS. 

Top 3 Active stocks:
EKOVEST (8877): RM0.565 (+2.5 sen)
MRCB (1651): RM0.495 (+4.5 sen)

JAKS (4723): RM0.235 (+3.5 sen)

Volume: 4.66 bn (100-day avg vol: 3.09 bn)
Value: RM3.08 bn (100-day avg val: RM1.90 bn)
Market Breadth: ⬆️567 ⬇️424
Crude palm oil: RM4,045 (+RM35)

Dow Futures: 34,884 pts (+93 pts)

Source: Bloomberg, M+ Online

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