FBM KLCI: 1,688.45 pts (+8.08pts, +0.48%)

The FBM KLCI bucked the general bearish sentiment in the offshore markets, closing higher on Wednesday, on the back of buying-interest in selected telco heavyweights. Market breadth also turned positive as winners overturned the losers on a ratio of 497-to-322 stocks, while 398 stocks flatlined. Notable gainers, meanwhile include EMS-related players like Denko Industrial (+10.0 sen), VS Industry (+8.0 sen) and SKP Resources (+1.0 sen).

Top 3 Active stocks:
NOVAMSC (0026): RM0.165 (unch)
SAPNRG (5218): RM0.615  (unch)

MYEG (0138): RM0.92 (+2.0 sen)

Volume: 2.04 bln (100-day avg vol: 2.53 bln)
Value: RM1.63 bln
Market Breadth: ⬆:497 ⬇:322
Crude palm oil: RM2,298 (-RM15)

Dow Futures: 24,220 pts (+57 pts)

Source: Bloomberg, M+ Online

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