M+ Online Market Wrap - 6 Nov 23

FBM KLCI: 1,464.67 pts (+14.74pts, +1.02%)

The FBM KLCI (+1.02%) ended higher in line with the regional markets, as investors carried on the positive momentum from Wall Street after the release of the weaker US jobs & employment data, and it may signal the potential end of interest rate hikes. Market breadth was positive with gainers more than doubling the losers by 665-to-284 stocks. On the broader market, the Technology sector (+1.90%) ended higher led by buying support in MPI (+112.0 sen) and GREATEC (+15.0 sen). Furthermore, the Utilities sectors gained 1.78%, thanks to buying interest in TENAGA (+3.0 sen) and RANHILL (+9.5 sen).

Top 3 Active stocks:
FITTERS (9318): RM0.045 (+0.5 sen)
SMTRACK (0169): RM0.045 (unch)

WIDAD (0162): RM0.45 (unch)

Volume: 3.76 bn (100-day avg vol: 3.24 bn)
Value: RM2.34 bn (100-day avg val: RM2.05 bn)
Market Breadth: ⬆️665 ⬇️284
Crude palm oil: RM3,775 (+RM7)

Dow Futures: 34,175 pts (+38 pts)

Source: Bloomberg, M+ Online

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