M+ Online Market Wrap - 12 Aug 20

FBM KLCI: 1,556.64 pts (-8.10pts, -0.52%)

Although the FBM KLCI (-0.5%) was traded lower for the fourth straight session, losses were minimal owing to gains in financial giants after the Securities Commission move to increase the gearing limit for Malaysian real estate investment trusts from 50.0% to 60.0% till 31st December 2022. Market breadth stayed negative as losers overwhelmed the gainers by a ratio of 3-to-1 stocks. The financial services sector (+2.0%) emerges as the biggest winner on gains from Public Bank (+48.0 sen), Hong Leong Financial Group (+30.0 sen) and Aeon Credit (+22.0 sen)

Top 3 Active stocks:
SAPNRG (5218): RM0.135 (-1.0 sen)
BORNOIL (7036): RM0.07 (-0.5 sen)

NETX (0020): RM0.02 (unch)

Volume: 19.16 bln (100-day avg vol: 7.98 bln)
Value: RM7.98 bln
Market Breadth: ⬆:315 ⬇:907
Crude palm oil: RM2,670 (+RM27)

Dow Futures: 27,845 pts (+231 pts)

Source: Bloomberg, M+ Online

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