M+ Online Market Wrap - 6 Oct 21
FBM KLCI: 1,559.42 pts (+29.00pts, +1.89%)
The FBM KLCI (+1.9%) rallied strongly, tracking the overnight rebound in Wall Street as the key index was boosted by the firm buying momentum in the index-linked plantation counters on the back of the surge in CPO price above RM4800 level. Market breadth turned positive as the gainers hammered the losers by 612-to-433 stocks. The plantation sector (+8.0%) gained momentum with SIMEPLT (+54.0 sen), IOICORP (+31.0 sen), and KLK (+172.0 sen) registering the decent gains in the sector. This was followed by the energy sector (+2.1%) as Brent oil price traded above USD80 level.
Top 3 Active stocks:
AT (0072): RM0.055 (unch)
SCBUILD (0109): RM0.12 (+3.0 sen)
KANGER (0170): RM0.06 (+0.5 sen)
Volume: 4.46 bn (100-day avg vol: 5.07 bn)
Value: 3.42 bn (100-day avg val: 3.10 bn)
Market Breadth: ⬆612 ⬇433
Crude palm oil: RM4,835 (+RM97)
Dow Futures: 33,867 pts (-316 pts)
Source: Bloomberg, M+ Online
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.
Created by mplus313 | Jun 14, 2022
Created by mplus313 | Jun 10, 2022