FBM KLCI: 1,328.09 pts (+3.59pts, +0.27%)
Buying momentum spurred the FBM KLCI (+0.3%) higher for the third straight session, taking cue from the positive sentiment on Wall Street overnight. Market breadth stayed positive as winners outnumbered the losers on a ratio of 540-to-295 stocks. The financial services sector (-0.4%) took a hit with losses seen on Hong Leong Financial Group (-40.0 sen), Public Bank (-18.0 sen) and LPI Capital (-6.0 sen) following Bank Negara's move to grant six-month grace period for loans for individuals and SMEs.
Top 3 Active stocks:
ARMADA (5210): RM0.135 (unch)
SAPNRG (5218): RM0.075 (unch)
VELESTO (5243): RM0.11 (unch)
Volume: 3.53 bln (100-day avg vol: 2.98 bln)
Value: RM2.27 bln
Market Breadth: ⬆:540 ⬇:295
Crude palm oil: RM2,343 (-RM40)
Dow Futures: 20,756 pts (-270 pts)
Source: Bloomberg, M+ Online
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