M+ Online Market Wrap - 7 Oct 21

FBM KLCI: 1,561.29 pts (+1.87pts, +0.12%)

The FBM KLCI (+0.1%) extended its gains for the third straight session after recouping all its intraday losses, powered by buying momentum in selected heavyweights such as DIALOG (+21.0 sen), KLK (+40.0 sen) and CIMB (+4.0 sen). Market breadth remained positive as the gainers outweighed the losers by 601-to-432 stocks. The technology sector (+1.9%) led the gains on the broader market, underpinned by gains in HONGSENG (+38.0 sen), UWC (+25.0 sen), and D&O (+21.0 sen) while the energy sector (-1.3%) staged a pullback following yesterday’s rally. 

Top 3 Active stocks:
SCBUILD (0109): RM0.165 (+4.5 sen)
KNM (7164): RM0.22 (-2.0 sen)

NGGB (7241): RM0.915 (+11.0 sen)

Volume: 4.09 bn (100-day avg vol: 5.05 bn)
Value: 2.98 bn (100-day avg val: 3.10 bn)
Market Breadth: ⬆601 ⬇432
Crude palm oil: RM4,849 (-RM23)

Dow Futures: 34,435 pts (+144 pts)

Source: Bloomberg, M+ Online

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