FBM KLCI: 1,577.98 pts (-9.35pts, -0.59%)

Banking shares weighed on the FBM KLCI after BNM cut borrowing rates; keeping the FBM KLCI in the red in the second half of the session. Market breadth was still bearish with 509 losers against 397 winners, while 362 stocks flatlined. Underperforming banking stocks, meanwhile, include Hong Leong Bank (-60.0 sen), Public Bank (-46.0 sen) and CIMB (-10.0 sen).

Top 3 Active stocks:
PWRWELL (0217): RM0.285 (+3.5 sen)
VC (0060): RM0.085 (-0.5 sen)
SUPERMX (7106): RM1.54 (+9.0 sen)

Volume: 3.07 bln (100-day avg vol: 2.45 bln)
Value: RM2.57 bln
Market Breadth: ⬆:397 ⬇:509
Crude palm oil: RM2,957 (+RM70)
Dow Futures: 29,256 pts (+77 pts)

Source: Bloomberg, M+ Online

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