M+ Online Market Wrap - 13 Dec 23

FBM KLCI: 1,448.04 pts (+0.92pts, +0.06%)

The FBM KLCI (+0.06%) ended flat in line with the mixed regional markets. Investors may still be cautious, despite the US CPI data being in line with expectations. Moreover, the PPI data and 2-day FOMC meeting are due later tonight. Market breadth was positive with gainers led losers by 482-to-373 stocks. On the broader market, the Healthcare sector (+4.09%) closed higher thanks to buying support in glove counters namely, HARTA (+24.0 sen) and TOPGLOV (+8.0 sen) in view of the rising Covid-19 cases and speculating for stronger results in TOPGLOV. Meanwhile, the Energy sector ended lower, declining by -0.77% following the selling pressure in DIALOG (-2.0 sen) and VELESTO (-1.0 sen) as Brent oil prices have retraced below USD73.

Top 3 Active stocks:
TWL (7079): RM0.03 (-0.5 sen)
TOPGLOV (7113): RM0.875 (+8.0 sen)

BPURI (5932): RM0.095 (+1.0 sen)

Volume: 3.76 bn (100-day avg vol: 3.35 bn)
Value: RM2.40 bn (100-day avg val: RM2.14 bn)
Market Breadth: ⬆️482 ⬇️373
Crude palm oil: RM3,692 (-RM43)

Dow Futures: 37,031 pts (+64 pts)

Source: Bloomberg, M+ Online

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