FBM KLCI: 1,775.84 pts (-21.56pts, -1.20%)

The FBM KLCI traded in the negative territory, dragged down by sharp losses in crude oil prices on expectations of higher oil outputs by major oil cartels, in a bid to curb prices. Market breadth was still bearish as losers beat the winners by 240 stocks, while 355 counters closed unchanged. On the downside, O&G-related players like Wah Seong (-9.0 sen), Hibiscus (-7.5 sen) and Sapura Energy (-7.0 sen) declined.

Top 3 Active stocks:
SAPNRG (5218): RM0.625 (-7.0 sen)
MYEG (0138): RM0.76 (-0.5 sen)

NETX (0020): RM0.03 (unch)

Volume: 2.19 bln (100-day avg vol: 2.99 bln)
Value: RM2.28 bln
Market Breadth: ?:360 ?:600
Crude palm oil: RM2,414 (-RM41)

Dow Futures: 24,801 pts (+71 pts)

Source: Bloomberg, M+ Online

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