FBM KLCI: 1,389.55 pts (+12.96pts, +0.94%)

The FBM KLCI (+0.9%) recovered some of its' previous session losses after Bank Negara slashed the benchmark interest rate by 50 points to cushion the impact of economic slowdown from Covid-19 pandemic. Market breadth turned positive as advancers thumped the decliners on a ratio of 774-to-162 stocks. The energy sector (+5.3%) emerged as the biggest winner on Heng Yuan (+26.0 sen), Petron Malaysia (+21.0 sen) and Deleum (+10.0 sen) as crude oil prices continue to trend higher.

Top 3 Active stocks:
AGES (7145): RM0.18 (+2.0 sen)
VELESTO (5243): RM0.16 (+1.5 sen)

FINTEC (0150): RM0.05 (+1.0 sen)

Volume: 5.76 bln (100-day avg vol: 3.65 bln)
Value: RM2.70 bln
Market Breadth: ⬆:774 ⬇:162
Crude palm oil: RM1,986 (+RM3)

Dow Futures: 23,674 pts (+103 pts)

Source: Bloomberg, M+ Online

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