M+ Online Market Wrap - 4 Oct 23

FBM KLCI: 1,415.84 pts (-4.17pts, -0.29%)

The FBM KLCI (-0.29%) ended lower in line with the negative performances across regional stock markets as investors continues to trade cautiously amid the elevated interest rates environment, coupled with with the 30-year US Treasury yields spiked above 5% (16-year high). Market breadth was negative with losers led gainers by 730-to-255 stocks. On the broader market, the Telecommunications & Media sector (-1.63%) ended lower following the selling pressure in CDB (-4.0 sen) and MAXIS (-5.0 sen), while the Energy sector fell 1.57% led by VELESTO (-1.0 sen) and DIALOG (-1.0 sen), due to the recent weakness in Brent oil prices.  

Top 3 Active stocks:
KNM (7164): RM0.165 (+1.5 sen)
SEALINK (5145): RM0.225 (+3.5 sen)

EMCC (0286): RM0.460 (+0.5 sen)

Volume: 3.03 bn (100-day avg vol: 3.18 bn)
Value: RM2.23 bn (100-day avg val: RM2.03 bn)
Market Breadth: ⬆️255 ⬇️730
Crude palm oil: RM3,715 (+RM7)

Dow Futures: 33,204 pts (+3 pts)

**Source: Bloomberg, M+ Online**

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