M+ Online Market Wrap - 23 Aug 21

FBM KLCI: 1,522.43 pts (+4.40pts, +0.29%)

The FBM KLCI (+0.3%) extended Friday’s gains, mainly powered by gains in consumer stocks with GENM (+9.0 sen), GENTING (+8.0 sen), and PETDAG (+8.0 sen) taking the lead. Market breadth remained positive as the gainers outpaced the losers by 567-to-403 stocks. The technology sector (+1.3%) led the broader market following the gains in Nasdaq overnight, anchored by gains in MPI (+60.0 sen), GENETEC (+40.0 sen), and UNISEM (+18.0 sen), while the healthcare sector (-1.2%) was the biggest decliner as Covid-19 daily infections are slowing down.

Top 3 Active stocks:
MMAG (0034): RM0.125 (-0.5 sen)
FINTEC (0150): RM0.025 (unch)

AVI (8885): RM0.16 (-2.0 sen)

Volume: 4.21 bn (100-day avg vol: 5.80 bn)
Value: 2.15 bn (100-day avg val: 3.39 bn)
Market Breadth: ⬆567 ⬇403
Crude palm oil: RM4,312 (+RM47)

Dow Futures: 35,184 pts (+126 pts)

Source: Bloomberg, M+ Online

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