M+ Online Market Wrap - 12Sep23

FBM KLCI: 1,453.50 pts (-1.54pts, -0.11%)

The FBM KLCI ended on a slightly negative tone after the mid term review of the 12th Malaysia Plan as profit taking activities were seen in PCHEM (-23.0 sen), TENAGA (-5.0 sen) and MAYBANK (-2.0 sen). Market breadth was also negative with losers led gainers by a ratio of 5-to-3. Meanwhile, on the broader market, we noticed the commodity sectors such as the Energy (+0.51%) and Plantation (+0.38%) were the leaders for the session; HIBISCS (+3.0 sen) and ARMADA (+0.5 sen) rose firmly for the day with steady Brent oil price hovering above USD90. 

Top 3 Active stocks:
EKOVEST (8877): RM0.53 (+1.0 sen)
IFCAMSC (0023): RM0.33(+2.0 sen)

UEMS (5148): RM0.685 (-2.0 sen)

Volume: 2.88 bn (100-day avg vol: 3.13 bn)
Value: RM1.99 bn (100-day avg val: RM1.94 bn)
Market Breadth: ⬆354⬇524
Crude palm oil: RM3,695 (-RM18)

Dow Futures: 34,963 pts (-49 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.