M+ Online Market Wrap - 6 Dec 23

FBM KLCI: 1,445.82 pts (-3.64pts, -0.25%)

The FBM KLCI (-0.25%) ended lower despite the positive rebound in the regional markets, as profit taking activities persisted and investors were still cautious ahead of the FOMC meeting next week. Market breadth was negative as losers outpaced gainers by 452-to-365 stocks. On the broader market, the Utilities sector (+0.29%) closed higher thanks to buying support in TENAGA (+2.0 sen) and YTL (+1.0 sen). Meanwhile, the Energy sector ended lower, declined -0.89% following the selling pressure in DIALOG (-1.0 sen) and VELESTO (-1.5 sen).

Top 3 Active stocks:
VELESTO (5243): RM0.205 (-1.5 sen)
WIDAD (0162): RM0.47 (+0.5 sen)

BPURI (5932): RM0.07 (+0.5 sen)

Volume: 2.80 bn (100-day avg vol: 3.36 bn)
Value: RM1.81 bn (100-day avg val: RM2.15 bn)
Market Breadth: ⬆️365 ⬇️452
Crude palm oil: RM3,714 (-RM67)

Dow Futures: 36,212 pts (+23 pts)

Source: Bloomberg, M+ Online

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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.