FBM KLCI: 1,735.18 pts (-38.97pts, -2.20%)

The FBM KLCI sunk into the red despite opening positively, weighed down by a broad selling-pressure across the local market amid uncertainties in the government policies and concerns of higher taxes. Market breadth was equally tepid as decliners overwhelmed the advancers by more than eight-fold. Construction stocks like Gamuda (-31.0 sen), IJM (-19.0 sen) and Sunway Construction (-18.0 sen) continued to slide on Wednesday.

Top 3 Active stocks:
GAMUDA (5398): RM2.07 (-31.0 sen)
SAPNRG (5218): RM0.36 (-1.5 sen)

HIBISCS (5199): RM1.25 (-5.0 sen)

Volume: 3.02 bln (100-day avg vol: 2.46 bln)
Value: RM2.96 bln
Market Breadth: ⬆:116 ⬇:993
Crude palm oil: RM2,188 (-RM17)

Dow Futures: 26,452 pts (-29 pts)

Source: Bloomberg, M+ Online

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