FBM KLCI: 1,677.76 pts (+7.78 pts, +0.47%)
The FBM KLCI started on a negative tone after Budget 2017, but buying interest picked up and the FBM KLCI reversed to surge above the 1,670 level. Also, market sentiments turned positive with the allocation of RM3.0 bln special fund to invest in small and mid-cap stocks. However, market breadth is negative with decliners ahead of advancers by 407-to-378 stocks. Meanwhile, metal-related stocks like MYCRON (+9.0 sen) and ANNJOO (7.0 sen) trended positively throughout the session.
Top 3 Active stocks:
BCMALL (0187): RM0.215 (+2.5 sen)
HIBISCS (5199): RM0.30 (+4.5 sen)
VIVOCOM (0069): RM0.19 (+0.5 sen)
Volume: 1.64 bln (3-month avg vol: 1.78 bln)
Value: RM1.69 bln
Market Breadth: ?:378 ?:407
Crude palm oil: RM2,807 (+RM83)
Dow Futures: 18,145 pts (+79 pts)
Source: Bloomberg, M+ Online
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