FBM KLCI: 1,772.94 pts (-1.28pts, -0.07%)

The FBM KLCI inched into the red, dragged down by selling-pressure in banking heavyweights, after AmBank and RHB Bank aborted its proposed merger, coupled with expectations of slower loan growth. Market breadth was mildly negative as 454 decliners edged 415 advancers. Meanwhile, technology stocks like Pentamaster (+17.0 sen), Vitrox (+17.0 sen) and MPI (+12.0 sen) bucked the general bearish sentiment to close higher on Wednesday.

Top 3 Active stocks:
APFT (5194): RM0.03 (-1.0 sen)
DUTALND (3948): RM0.625 (+12.0 sen)

MLAB (0085): RM0.26 (+2.0 sen)

Volume: 2.00 bln (100-day avg vol: 2.49 bln)
Value: RM1.97 bln
Market Breadth: ?:415 ?:454
Crude palm oil: RM2,727 (-RM10)

Dow Futures: 21,854 pts (-32 pts)

Source: Bloomberg, M+ Online

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