M+ Online Market Wrap - 27 Oct 23

FBM KLCI: 1,441.90 pts (+1.30pts, +0.09%)

The FBM KLCI (+0.09%) ended marginally higher in tandem with the regional markets as bargain-hunting activities emerged within transportation and logistics stocks, despite the negative US stock market sentiment. Market breadth, however was negative with losers narrowly led gainers by 430-to-426 stocks. On the broader market, the Transportation & Logistics Sector (+0.63%) gained, led by buying support in MISC (+8.0 sen) and WPRTS (+3.0 sen). Meanwhile, the Technology sector ended lower by 0.71% in line with NASDAQ's movements ;selling interest build up within VITROX (-28.0 sen) and INARI (-5.0 sen). 

Top 3 Active stocks:
CSH (7165): RM0.055 (-0.5 sen)
KANGER (0170): RM0.135 (-0.5 sen)

SCIB (9237): RM0.54 (unch)

Volume: 2.72 bn (100-day avg vol: 3.23 bn)
Value: RM1.70 bn (100-day avg val: RM2.04 bn)
Market Breadth: ⬆️426 ⬇️430
Crude palm oil: RM3,775 (+RM13)

Dow Futures: 32,962 pts (+86 pts)

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.