FBM KLCI: 1,397.13 pts (+17.20pts, +1.25%)

The FBM KLCI (+1.3%) trended sharply higher, buoyed by the stronger-than-expected Malaysia 1Q2020 GDP data that expanded +0.7% Y.o.Y. Market breadth, however, stayed negative as losers outnumbered the gainers on a ratio of 558-to-395 stocks. The healthcare sector (+7.5%) remained upbeat, boosted by gains from Hartalega (+RM1.33), Top Glove (+RM1.32) and Kossan Rubber Industries (+87.0 sen) amid the lingering concern over the Covid-19 new waves of outbreak.

Top 3 Active stocks:
K1 (0111): RM0.31 (+6.0 sen)
HLT (0188): RM0.495 (+11.5 sen)

BCMALL (0187): RM0.24 (+3.5 sen)

Volume: 9.59 bln (100-day avg vol: 3.82 bln)
Value: RM5.10 bln
Market Breadth: ⬆:395 ⬇:558
Crude palm oil: RM2,028 (+RM34)

Dow Futures: 23,603 pts (+29 pts)

Source: Bloomberg, M+ Online

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