FBM KLCI: 1,675.83 pts (+7.72pts, +0.46%)

The FBM KLCI bucked the continued weakness plaguing the offshore markets and closed higher today, driven by selective bargain-hunting activities. Market breadth was flat as 367 losers edged 366 winners. On the downside, tech counters like Vitrox (-31.0 sen), Globetronics (-24.0 sen) and Inari (-20.0 sen) retreated after Apple slashed its revenue forecasts, indicating potentially slower demand for chips.

Top 3 Active stocks:
INARI (0166): RM1.27 (-20.0 sen)
SAPNRG (5218): RM0.28 (unch)

HUBLINE (7013): RM0.045 (unch)

Volume: 1.76 bln (100-day avg vol: 2.12 bln)
Value: RM1.22 bln
Market Breadth: ⬆:366 ⬇:367
Crude palm oil: RM2,160 (-RM6)

Dow Futures: 23,033 pts (-292 pts)

Source: Bloomberg, M+ Online

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