M+ Online Market Wrap - 22Sep23

FBM KLCI: 1,450.23 pts (+2.02pts, +0.14%)

The FBM KLCI (+0.14%) rebounded marginally, closing above the 1,450 level as the market gained momentum after a poor morning session. Market breadth, was positive with gainers outpacing losers by 503-to-403 stocks. On the broader market, the Energy sector gained 1.69%,  due to the buying support in DIALOG (+4.0 sen) and HIBISCS (+5.0 sen), amid a rebound in Brent oil prices. Furthermore, the Property Sector (+1.36%) ended higher due to positive buying interest in IOIPG (+5.0 sen) and SPSETIA (+6.0 sen).

Top 3 Active stocks:
KNM (7164): RM0.125 (+0.5 sen)
MERSEC (0285): RM0.295 (-0.5 sen)

EKOVEST (8877): RM0.590 (+2.5 sen)

Volume: 3.13 bn (100-day avg vol: 3.17 bn)
Value: RM2.08 bn (100-day avg val: RM2.00 bn)
Market Breadth: ⬆️503 ⬇️403
Crude palm oil: RM3,664 (-RM14)

Dow Futures: 34,345 pts (+8 pts)

Source: Bloomberg, M+ Online

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