M+ Online Market Wrap - 9 Oct 23

FBM KLCI: 1,417.26 pts (+0.38pts, +0.03%)

Following the rising geopolitical tension in the Middle East, the FBM KLCI (+0.03%) closed flat, but sustaining above the 1,450 zone; buying support were noticed within the PCHEM (+7.0 sen), KLK (+44.0 sen), and MAYBANK (+3.0 sen). We noticed Brent oil and gold prices traded significantly higher, and attracted traders to position within the O&G and gold retailing companies. Market breadth was negative with losers outpaced gainers by 500-to-343 stocks. The Energy sector rose 2.09%, thanks to buying interest within DIALOG (+5.0 sen), VELESTO (+1.5 sen), HIBISCS (+5.0 sen).

Top 3 Active stocks:
KNM (7164): RM0.145 (-2.5 sen)
KANGER (0170): RM0.11 (unch)

SCIB (9237): RM0.485 (-1.5 sen)

Volume: 2.88 bn (100-day avg vol: 3.18 bn)
Value: RM1.78 bn (100-day avg val: RM2.05 bn)
Market Breadth: ⬆343 ⬇500
Crude palm oil: RM3,606 (+RM6)

Dow Futures: 33,462 pts (-138 pts)

Source: Bloomberg, M+ Online

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