M+ Online Market Wrap - 3 Oct 23

FBM KLCI: 1,420.01 pts (+1.25pts, +0.09%)

Despite the mostly negative regional markets sentiment, no thanks to the rising US treasury yield, which has hit an 16-year high, coupled with the elevated interest environment, the FBM KLCI (+0.09%) ended marginally higher. Market breadth was negative with losers led gainers by 545-to-401 stocks. On the broader market, the Healthcare sector gained 0.51% due to buying interest in HARTA (+9.0 sen) and IHH (+3.0 sen). Meanwhile, the Energy sector (-1.90%) ended lower following the selling pressure in YINSON (-12.0 sen) and DIALOG (-2.0 sen) after the significant drop in Brent oil prices. 

Top 3 Active stocks:
KNM (7164): RM0.150 (+1.0 sen)
EMCC (0286): RM0.455 (+4.0 sen)

WIDAD (0162): RM0.520 (+1.0 sen)

Volume: 3.23 bn (100-day avg vol: 3.18 bn)
Value: RM2.21 bn (100-day avg val: RM2.03 bn)
Market Breadth: ⬆401 ⬇545
Crude palm oil: RM3,718 (+RM14)

Dow Futures: 33,664 pts (+26 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.