M+ Online Market Wrap - 25 Aug 21

FBM KLCI: 1,569.80 pts (+16.43pts, +1.06%)

The FBM KLCI (+1.1%) marched higher for a fourth straight session as the key index continued to build on its rebound amid recovery-theme play as well as a upbeat earnings from PCHEM and PMETAL. Market breadth, however, turned negative as the losers overpowered the gainers by 532-to-509 stocks. The industrial products and services sectors (+1.7%) outperformed the positive-bias broader market, underpinned by gains in PMETAL (+24.0 sen), PCHEM (+21.0 sen), and PIE (+15.0 sen). 

Top 3 Active stocks:
KANGER (0170): RM0.06 (unch)
MMAG (0034): RM0.105 (-1.0 sen)

FOCUS (0116): RM0.05 (+0.5 sen)

Volume: 4.55 bn (100-day avg vol: 5.76 bn)
Value: 2.89 bn (100-day avg val: 3.38 bn)
Market Breadth: ⬆509 ⬇532
Crude palm oil: RM4,332 (+RM29)

Dow Futures: 35,329 pts (+15 pts)

Source: Bloomberg, M+ Online

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.