M+ Online Market Wrap - 20 Oct 23

FBM KLCI: 1,441.04 pts (-1.62pts, -0.11%)

The FBM KLCI (-0.11%) ended slightly lower as investors took cue from Wall Street overnight after the US Treasury Yields hit 16-year highs and the Fed hinted on possible rate hikes ahead. Market breadth was negative as decliners outnumbered advancers by 558-to-315 stocks. On the broader market, the Energy Sector (+0.73%) rose underpinned by buying support in ARMADA (+1.5 sen) and HIBISCS (+4.0 sen) amid the recent elevated Brent oil prices. Meanwhile, the Industrial Products & Services sector declined 1.42% due to continued selling pressure in PCHEM (-28.0 sen) and HAPSENG (-16.0 sen). 

Top 3 Active stocks:
PUC (0007): RM0.05 (+0.5 sen)
ASDION (0068): RM0.08 (unch)

PDZ (6254): RM0.035 (+0.5 sen)

Volume: 3.51 bn (100-day avg vol: 3.23 bn)
Value: RM1.90 bn (100-day avg val: RM2.08 bn)
Market Breadth: ⬆️315 ⬇️558
Crude palm oil: RM3,761 (+RM3)

Dow Futures: 33,521 pts (-26 pts)

Source: Bloomberg, M+ Online

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