FBM KLCI: 1,538.53 pts (+30.84pts, +2.05%)

The FBM KLCI (+2.1%) rallied after recovering all its’ intraday losses due to the selling activities in glovemakers heavyweights as the key index advanced for the sixth straight session led by gains from banking heavyweights. Market breadth stayed positive as gainers pipped the losers on a ratio of 564-to-526 stocks. The financial services sector (+7.2%) took the lead on the broader market anchored by Hong Leong Financial Group (+RM1.82), Public Bank (+RM1.74) and Hong Leong Bank (+RM1.02) amid their attractive valuations.

Top 3 Active stocks:
HIBISCS (5199): RM0.67 (-1.5 sen)
ARMADA (5210): RM0.25 (-0.5 sen)

VELESTO (5243): RM0.175 (unch)

Volume: 9.42 bln (100-day avg vol: 4.60 bln)
Value: RM7.02 bln
Market Breadth: ⬆:564 ⬇:526
Crude palm oil: RM2,374 (+RM33)

Dow Futures: 25,835 pts (+134 pts)

Source: Bloomberg, M+ Online

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