M+ Online Market Wrap - 25 Oct 23

FBM KLCI: 1,443.33 pts (+7.68pts, +0.53%)

The FBM KLCI (+0.48%) ended higher due to buying pressure in selected heavyweights such as CDB (+8.0 sen), PCHEM (+10.0 sen) and MAYBANK (+4.0 sen) as investors gained confidence after the global market sentiment improved. Market breadth turned positive with gainers led losers by 448-to-359 stocks. On the broader market, the Industrial Products & Services Sector (+0.74%) rose led by buying support in PCHEM (+10.0 sen) and HAPSENG (+19.0 sen). Meanwhile, the Construction sector ended lower by 0.53% as profit taking activities were seen within SUNCON (-4.0 sen) and WCEHB (-1.0 sen). 

Top 3 Active stocks:
WIDAD (0162): RM0.475 (+4.5 sen)
KANGER (0170): RM0.125 (unch)

LEFORM (0266): RM0.24 (+1.0 sen)

Volume: 2.81 bn (100-day avg vol: 3.24 bn)
Value: RM1.76 bn (100-day avg val: RM2.08 bn)
Market Breadth: ⬆️448 ⬇️359
Crude palm oil: RM3,670 (+RM3)

Dow Futures: 33,307 pts (+38 pts)

Source: Bloomberg, M+ Online

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