M+ Online Market Wrap - 22 Nov 23

FBM KLCI: 1,455.89 pts (-7.51pts, -0.51%)

The FBM KLCI (-0.51%) ended lower dragged by selling pressure in Industrial Products heavyweights namely, PCHEM and PMETAL, as investor sentiment turned negative following the cautious tone of the Fed meeting minutes. Market breadth was negative with losers outpaced gainers by 530-to-374 stocks. On the broader market, the Healthcare sector (+1.18%) ended higher thanks to buying support in TOPGLOV (+3.0 sen) and KOSSAN (+9.0 sen). Meanwhile, the Industrial Products & Services sector declined -1.12% following the selling pressure in PCHEM (-13.0 sen) and HAPSENG (-28.0 sen).

Top 3 Active stocks:
TOPGLOV (7113): RM0.84 (+3.0 sen)
WIDAD (0162): RM0.465 (+0.5 sen)

LEFORM (0266): RM0.275 (+1.0 sen)

Volume: 2.97 bn (100-day avg vol: 3.27 bn)
Value: RM2.04 bn (100-day avg val: RM2.07 bn)
Market Breadth: ⬆️374 ⬇️530
Crude palm oil: RM3,999 (+RM46)

Dow Futures: 35,176 pts (+28 pts)

Source: Bloomberg, M+ Online

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