M+ Online Market Wrap - 18 Oct 23

FBM KLCI: 1,446.54 pts (+2.41pts, +0.17%)

The FBM KLCI (+0.17%) was trading mostly lower throughout the day due to ongoing concerns in the Middle East, but the index still closed higher due to last minute bargain hunting activities. Market breadth however was negative as decliners outnumbered advancers by 616-to-265 stocks. On the broader market, the Plantation Sector (+0.57%) rose underpinned by buying support in SIMEPLT (+9.0 sen) and IOICORP (+4.0 sen) following the rise in crude palm oil prices. Meanwhile, the Property sector fell 1.87% due to continued selling pressure in SPSETIA (-6.0 sen) and IOIPG (-4.0 sen). 

Top 3 Active stocks:
KNM (7164): RM0.10 (-1.0 sen)
MINOX (0288): RM0.335 (-3.5 sen)

EKOVEST (8877): RM0.475 (-3.5 sen)

Volume: 3.41 bn (100-day avg vol: 3.22 bn)
Value: RM2.71 bn (100-day avg val: RM2.07 bn)
Market Breadth: ⬆️265 ⬇️616
Crude palm oil: RM3,821 (+RM37)

Dow Futures: 34,129 pts (-15 pts)

Source: Bloomberg, M+ Online

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