M+ Online Market Wrap - 6 Jun 23
FBM KLCI: 1,383.17 pts (+1.91 pts, +0.14%)
The FBM KLCI (+0.14%) rebounded from its previous downtrend move as final-hour bargain hunting activities emerged in IHH (+18.0 sen) and selected plantation as well as the banking heavyweights. Market breadth however, turned negative as the decliners trounced the advancers by 507-to-355 stocks. The energy sector (-2.57%) was the biggest laggard on the broader market, dragged by ARMADA (-15.0 sen), DIALOG (-3.0 sen), and YINSON (-5.0 sen), while the plantation sector (+1.31%) gained on the back of gains in SIMEPLT (+17.0 sen), IOICORP (+6.0 sen), and KLK (+14.0 sen).
Top 3 Active stocks:
ARMADA (5210): RM0.485 (-15.0 sen)
BORNOIL (7036): RM0.015 (unch)
DNEX (4456): RM0.47 (-4.5 sen)
Volume: 3.55 bn (100-day avg vol: 3.19 bn)
Value: RM1.92 bn (100-day avg val: RM2.00 bn)
Market Breadth: ⬆️355 ⬇️507
Crude palm oil: RM3,421 (+RM12)
Dow Futures: 33,550 pts (-69 pts)
Source: Bloomberg, M+ Online
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