M+ Online Market Wrap - 19 Oct 23

FBM KLCI: 1,442.66 pts (-3.88pts, -0.27%)

The FBM KLCI (-0.27%) ended lower as investors remain cautious tracking the Wall Street's negative performance on Wednesday, coupled with the US Treasury yields reaching 16-year high. Market breadth was negative as decliners outnumbered advancers by 509-to-337 stocks. On the broader market, the Transportation & Logistics Sector (+0.81%) rose underpinned by buying support in WPRTS (+8.0 sen) and MISC (+1.0 sen). Meanwhile, the Industrial Products & Services sector declinIed 0.94% due to profit taking activities in PCHEM (-17.0 sen) and SCIENTX (-13.0 sen). 

Top 3 Active stocks:
ICON (5255): RM0.11 (-2.0 sen)
WIDAD (0162): RM0.565 (+0.5 sen)

SCIB (9237): RM0.52 (unch)

Volume: 3.07 bn (100-day avg vol: 3.22 bn)
Value: RM2.02 bn (100-day avg val: RM2.08 bn)
Market Breadth: ⬆️337 ⬇️509
Crude palm oil: RM3,741 (-RM69)

Dow Futures: 33,757 pts (-49 pts)

Source: Bloomberg, M+ Online

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