FBM KLCI: 1,566.72 pts (-10.18pts, -0.65%)

After marching higher for seven consecutive days, the rally on FBM KLCI (-0.7%) took a pause after the key index reversed all its intraday gains as Bank Negara announced another 25 basis points of interest rate cut to historic low of 1.75%. Market breadth turned negative as losers outpaced the gainers on the ratio of 648-to-425 stocks. Amid the mostly negative broader market, the healthcare sector (+1.9%) remain upbeat on glovemakers like Kossan (+54.0 sen), Top Glove (+50.0 sen) and Supermax (+32.0sen), all finished on another record high after recovering from their intraday losses.

Top 3 Active stocks:
IRIS (0010): RM0.26 (+3.0 sen)
DGB (0152): RM0.035 (+0.5 sen)
ANZO (9342): RM0.235 (+0.5 sen)

Volume: 7.78 bln (100-day avg vol: 5.58 bln)
Value: RM4.93 bln
Market Breadth: ⬆:428 ⬇:648
Crude palm oil: RM2,370 (-RM21)
Dow Futures: 25,936 pts (-243 pts)

Source: Bloomberg, M+ Online

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