M+ Online Market Wrap - 4Sep23

FBM KLCI: 1,462.72 pts (-0.71pts, -0.05%)

The FBM KLCI traded flat for the session as profit taking activities emerged as 60% of the index heavyweights closed lower; top laggards include CDB (-9.0 sen) and MRDIY (-8.0 sen). Market breadth was negative with losers outpaced gainers with 526 decliners, 498 gainers, while 405 traded unchanged. On the broader market, the Industrial Products & Services sector rose 0.71% as building material stocks like PMETAL (+8.0 sen) and PMBTECH (+15.0 sen) traded higher. Meanwhile, the Energy sector gained 0.57% amid firmer Brent oil prices, trading above the $88/bbl. 

Top 3 Active stocks:
MRCB (1651): RM0.485 (-1.0 sen)
VELESTO (5243): RM0.25 (+1.5 sen)

DNEX (4456): RM0.46 (+-0.5 sen)

Volume: 4.01 bn (100-day avg vol: 3.10 bn)
Value: RM2.37 bn (100-day avg val: RM1.91 bn)
Market Breadth: ⬆498 ⬇526
Crude palm oil: RM3,979 (-RM61)

Dow Futures: 34,946 pts (+64 pts)

Source: Bloomberg, M+ Online

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