M+ Online Market Wrap - 3 Nov 23

FBM KLCI: 1,449.93 pts (+10.16pts, +0.71%)

The FBM KLCI (+0.71%) ended higher in tandem with the regional markets, as investors carried on the positive momentum from Wall Street following the rate hike pause as well as better batches of corporate earnings in the US. Market breadth was positive with gainers more than doubling the losers by 621-to-309 stocks. On the broader market, the Consumer Products & Services sector (+0.87%) ended firmer led by buying support in PPB (+26.0 sen) and GENTING (+9.0 sen). Furthermore, both the Property and Transportation & Logistics sectors ended higher by 0.80%; the former was supported by buying interest in UEMS (+2.5 sen) & IOIPG (+2.0 sen), while the latter seen MISC (+9.0 sen) & AIRPORT (+4.0 sen) gaining momentum.

Top 3 Active stocks:
SMTRACK (0169): RM0.045 (-0.5 sen)
ZENTECH (0094): RM0.02 (unch)

MLAB (0085): RM0.01 (unch)

Volume: 3.61 bn (100-day avg vol: 3.23 bn)
Value: RM2.02 bn (100-day avg val: RM2.04 bn)
Market Breadth: ⬆️621 ⬇️309
Crude palm oil: RM3,780 (-RM4)

Dow Futures: 33,903 pts (-11 pts)

Source: Bloomberg, M+ Online

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