M+ Online Market Wrap - 2 Nov 23

FBM KLCI: 1,439.77 pts (+4.44pts, +0.31%)

The FBM KLCI (+0.31%) ended higher as investors regained confidence after the Fed maintained interest rate levels and BNM kept the interest rate unchanged at 3.00%. Market breadth was positive with gainers led losers by 575-to-300 stocks. On the broader market, the Utilities Sector (+2.97%) ended strongly for the 2nd consecutive day, led by buying support in YTLPOWR (+11.0 sen), YTL (+6.0 sen) following the acquisition of Ranhill's shares. Furthermore, the Energy sector ended higher by 1.53% due to buying interest within DIALOG (+2.0 sen) and ARMADA (+1.5 sen). 

Top 3 Active stocks:
SMTRACK (0169): RM0.050 (+2.0 sen)
KANGER (0170): RM0.115 (-1.0 sen)

RANHILL (5272): RM0.785 (+5.0 sen)

Volume: 3.38 bn (100-day avg vol: 3.23 bn)
Value: RM1.93 bn (100-day avg val: RM2.04 bn)
Market Breadth: ⬆️575 ⬇️300
Crude palm oil: RM3,793 (+RM105)

Dow Futures: 33,462 pts (+111 pts)

Source: Bloomberg, M+ Online

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