M+ Online Market Wrap - 14Sep23

FBM KLCI: 1,449.58 pts (-3.96pts, -0.27%)

The FBM KLCI (-0.27%) closed lower for the session, and dropped marginally below the 1,450 psychological level as selling pressure picked up within selected heavyweights like PCHEM (-5.0 sen) and PMETAL (-3.0 sen). Market breadth was positive with advancers led decliners by a ratio of 3-to-2. On the broader market, the Property sector rebounded the most, rising 0.79%, led by SIMEPROP (+2.0 sen) and MRCB (+3.0 sen) . Meanwhile, the Plantation sector added 0.52% as buying interest was noticed within SIMEPLT (+4.0 sen) and KLK (+18.0 sen). 

Top 3 Active stocks:
KNM (7164): RM0.105 (+0.0 sen)
ICON (5255): RM0.105 (+1.5 sen)

CAPITALA (5099): RM1.01 (+6.0 sen)

Volume: 2.96 bn (100-day avg vol: 3.12 bn)
Value: RM2.20 bn (100-day avg val: RM1.94 bn)
Market Breadth: ⬆️530 ⬇️342
Crude palm oil: RM3,755 (+RM29)

Dow Futures: 34,993 pts (+75 pts)

Source: Bloomberg, M+ Online

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