M+ Online Market Wrap - 23 Oct 23

FBM KLCI: 1,438.12 pts (-2.92pts, -0.20%)
The FBM KLCI (-0.20%) ended slightly lower after trading flat throughout the session as selling activities picked up during last hour trading; investors turned more cautious amid the elevated US Treasury Yields and escalating tension in the Middle East. Market breadth was negative as decliners thumped advancers by 743-to-195 stocks. On the broader market, the Energy Sector (-1.49%) fell due to selling pressure in heavyweights namely YINSON (-4.0 sen) and ARMADA (-1.5 sen) despite the firm crude oil prices. Furthermore, the Telco & Media sector declined 1.49% due to selling pressure in CDB (-9.0 sen) and MAXIS (-6.0 sen). 

Top 3 Active stocks:
TAWIN (7097): RM0.035 (-0.5 sen)
WIDAD (0162): RM0.535 (-2.0 sen)
SCIB (9237): RM0.525 (-0.5 sen)

Volume: 3.38 bn (100-day avg vol: 3.24 bn)
Value: RM2.00 bn (100-day avg val: RM2.08 bn)
Market Breadth: ⬆️195 ⬇️743
Crude palm oil: RM3,748 (-RM23)
Dow Futures: 33,136 pts (-122 pts)

**Source: Bloomberg, M+ Online**

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