FBM KLCI: 1,376.59 pts (-31.19pts, -2.22%)

The FBM KLCI (-2.2%) took a dive as sentiment turned dour alongside with the weakness across regional equities following the sluggish IHS Markit Malaysia Manufacturing Purchasing Manager's Index, coupled with the renewed trade tension between U.S. and China. Market breadth turned negative as decliners overpowered the advancers on a ratio of 599-to-284 stocks. The plantation sector (-2.2%) took the worst hit due to large-cap plantation players like KLK (-20.0 sen), Sime Darby Plantation (-19.0 sen) and IOI Corporation (-16.0 sen) as crude palm oil prices battered.

Top 3 Active stocks:
UCREST (0005): RM0.165 (+7.0 sen)
AGES (7145): RM0.16 (+3.0 sen)

CAREPLS (0163): RM0.535 (+8.0 sen)

Volume: 5.47 bln (100-day avg vol: 3.62 bln)
Value: RM2.48 bln
Market Breadth: ⬆:284 ⬇:599
Crude palm oil: RM2,011 (-RM77)

Dow Futures: 23,360 pts (-259 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.