M+ Online Market Wrap - 11Sep23

FBM KLCI: 1,455.04 pts (+0.09pts, +0.01%)

The FBM KLCI ended marginally higher after trading mostly in the negative zone following the conclusion of both the Johor by-elections. Also, investors digested the 12th Malaysia plan midterm review with a slightly positive tone given bargain hunting activities were seen across the index heavyweights. Market breadth was fairly negative with decliners outpaced advancers by a ratio of 2-to-1. On the broader market, the Property (-0.89%) and Construction (-0.65%) sectors noticed heavy profit taking actvities led by UOADEV (-5.0 sen), SIMEPROP (-1.5 sen), IJM (-1.0 sen) and EKOVEST (-1.0 sen). On the flip side, the Technology sector rose 0.27%, led by INARI (+5.0 sen) and GREATEC (+9.0 sen)

Top 3 Active stocks:
KNM (7164): RM0.11 (-1.0 sen)
MQTECH (0070): RM0.025 (-0.5 sen)

SCIB (9237): RM0.455 (-0.5 sen)

Volume: 2.80 bn (100-day avg vol: 3.13 bn)
Value: RM1.64 bn (100-day avg val: RM1.95 bn)
Market Breadth: ⬆295⬇609
Crude palm oil: RM3,712 (-RM118)

Dow Futures: 34,998 pts (+64 pts)

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.