FBM KLCI: 1,407.78 pts (+27.48pts, +1.99%)

The FBM KLCI (+2.0%) rallied alongside with gains across regional peers as the key index recorded its’ fourth straight winning streak, spurred by the positive developments surrounding the potential treatment for Covid-19. Market breadth stayed positive as advancers override the decliners on a ratio of 629-to-298 stocks. The energy sector (+5.4%) rallied on gains from Petron Malaysia (+25.0 sen), Heng Yuan (+13.0 sen) and Yinson (+10.0 sen) as crude oil prices rebounded.

Top 3 Active stocks:
SAPNRG (5218): RM0.085 (+0.5 sen)
KGROUP (0036): RM0.095 (unch)

VELESTO (5243): RM0.145 (+1.5 sen)

Volume: 5.85 bln (100-day avg vol: 3.59 bln)
Value: RM3.35 bln
Market Breadth: ⬆:629 ⬇:298
Crude palm oil: RM2,080 (+RM49)

Dow Futures: 24,624 pts (+58 pts)

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.