M+ Online Market Wrap - 25Sep23

FBM KLCI: 1,443.45 pts (-6.78pts, -0.47%)

The FBM KLCI (-0.47%) ended lower, closing below the 1,450 level due to profit-taking activities in-line with the mixed regional markets performance. Market breadth, was negative with losers outpacing gainers by 555-to-392 stocks. On the broader market, the Utilities sector gained 0.69%,  due to the buying support in YTL (+2.0 sen) and MFCB (+9.0 sen). Meanwhile, the Energy Sector (-1.19%) ended lower from profit taking activities in YINSON (-3.0 sen) and ARMADA (-1.5 sen), following the recent decline in Brent oil prices. Besides, we noticed building material segment has traded positively; ANNJOO and MASTEEL rose 4.0 sen and 1.5 sen, respetively.

Top 3 Active stocks:
ICON (5255): RM0.115 (-1.5 sen)
EKOVEST (8877): RM0.590 (unch)

MRCB (1651): RM0.480 (unch)

Volume: 3.33 bn (100-day avg vol: 3.18 bn)
Value: RM2.04 bn (100-day avg val: RM2.00 bn)
Market Breadth: ⬆️392 ⬇️555
Crude palm oil: RM3,688 (+RM7)

Dow Futures: 34,184 pts (-48 pts)

Source: Bloomberg, M+ Online

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