M+ Online Market Wrap - 19 Aug 21

FBM KLCI: 1,514.95 pts (-10.29pts, -0.67%)

The FBM KLCI (-0.7%) retreated in tandem with regional markets as investors remained cautious on the ongoing political developments and increasing Covid-19 daily infections. Market breadth remained negative as the losers hammered the gainers by 634-to-334 stocks. The healthcare sector (-1.0%) underperformed the negative broader market led by glove manufacturers including TOPGLOV (-16.0 sen), HARTA (-15.0 sen), and KOSSAN (-12.0 sen). Nevertheless, political-linked stocks such as MYEG (+17.0 sen) and DSONIC (+2.0 sen) gained tractions.  

Top 3 Active stocks:
ASB (1481): RM0.17 (-2.5 sen)
AVI (8885): RM0.20 (+1.0 sen)

MYEG (0138): RM1.82 (+17.0 sen)

Volume: 3.30 bn (100-day avg vol: 5.85 bn)
Value: 1.99 bn (100-day avg val: 3.43 bn)
Market Breadth: ⬆334 ⬇634
Crude palm oil: RM4,231 (-RM70)

Dow Futures: 34,599 pts (-288 pts)

Source: Bloomberg, M+ Online

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