M+ Online Market Wrap - 10 Oct 23

FBM KLCI: 1,435.17 pts (+17.91pts, +1.26%)

The FBM KLCI (+1.26%) rallied in-line with the positive regional markets, supported by the strong performances of the selected banking heavyweights as investors traded more positively ahead of the Budget 2024. Market breadth was positive with gainers outpacing losers by 585-to-332 stocks. The Financial sector rose 1.40% with the buying interest within PBBANK (+10.0 sen), CIMB (+13.0 sen), MAYBANK (+9.0 sen), while the Healthcare Sector (-0.51%) fell due to selling pressure in glove counters namely HARTA (-5.0 sen) & TOPGLOV (-2.0 sen).

Top 3 Active stocks:
KNM (7164): RM0.120 (-2.5 sen)
CLASSITA (7154): RM0.080 (+1.5 sen)

UEMS (5148): RM0.870 (+6.5 sen)

Volume: 3.39 bn (100-day avg vol: 3.19 bn)
Value: RM2.02 bn (100-day avg val: RM2.05 bn)
Market Breadth: ⬆️585 ⬇️332
Crude palm oil: RM3,567 (-RM38)

Dow Futures: 33,853 pts (+52 pts)

Source: Bloomberg, M+ Online

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