M+ Online Market Wrap - 24 Oct 23

FBM KLCI: 1,435.65 pts (-2.47pts, -0.17%)

The FBM KLCI (-0.20%) closed lower for the fourth trading session as selling pressure persisted, but trading activities were noticed within the small cap and lower liners; FBM Small Cap rose 1.21%. Market breadth turned positive with gainers led losers by 511-to-348 stocks. On the broader market, the Construction Sector (+1.45%) gained momentum led by buying support in IJM (+4.0 sen), GAMUDA (+4.0 sen) and SUNCON (+5.0 sen). Meanwhile, the Plantation sector ended lower by 0.24% as selling pressure was noticed within IOICORP (-5.0 sen) and BLDPLNT (-66.0 sen). 

Top 3 Active stocks:
WIDAD (0162): RM0.43 (-10.5 sen)
MTRONIC (0043): RM0.015 (-0.5 sen)

SCIB (9237): RM0.54 (+1.5 sen)

Volume: 2.94 bn (100-day avg vol: 3.25 bn)
Value: RM1.94 bn (100-day avg val: RM2.08 bn)
Market Breadth: ⬆511 ⬇348
Crude palm oil: RM3,670 (-RM83)

Dow Futures: 33,168 pts (+101 pts)

Source: Bloomberg, M+ Online

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