M+ Online Market Wrap - 18 Aug 21

FBM KLCI: 1,525.24 pts (+1.65pts, +0.11%)

In line with regional uptrend, the FBM KLCI (+0.1%) extended its gains after erasing all its intraday losses on the back of final hour bargain hunting activities and buying support in glove heavyweights. Market breadth turned negative as the losers led the gainers by 472-to-436 stocks. The broader market ended broadly positive with the plantation sector (+1.1%) taking the lead, boosted by gains in KLK (+38.0 sen), GENP (+31.0 sen) and BKAWAN (+24.0 sen). This was followed by the healthcare (+1.0%), construction (+1.0%), and property (+1.0%) sectors. 

Top 3 Active stocks:
AVI (8885): RM0.19 (-1.0 sen)

ASB (1481): RM0.195 (-3.0 sen)

SEDANIA (0178): RM0.76 (+13.0 sen)

Volume: 3.83 bn (100-day avg vol: 5.89 bn)
Value: 2.20 bn (100-day avg val: 3.45 bn)
Market Breadth: ⬆️436 ⬇️472

Crude palm oil: RM4,297 (-RM111)

Dow Futures: 35,189 pts (-70 pts)

Source: Bloomberg, M+ Online

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The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.