M+ Online Market Wrap - 12 Oct 21

FBM KLCI: 1,581.56 pts (+10.74pts, +0.68%)

Bucking the downturn across the regional markets, the FBM KLCI (+0.8%) marked its 6th winning streak as buying momentum persisted within the banking and telecommunication heavyweights. Meanwhile, foreign investorswere back in buying mode since last Wednesday. Market breadth was slightly positive as the gainers overcame the losers by 548-to-517 stocks. Amidst the positive broader market, the telecommunication sector (+1.5%) outperformed with TM (+28.0 sen), AXIATA (+10.0 sen) and DIGI (+7.0 sen) taking the lead. 

Top 3 Active stocks:
KANGER (0170): RM0.06 (-0.5 sen)
SERBADK (5279): RM0.415 (+1.0 sen)

SAPNRG (5218): RM0.105 (unch)

Volume: 5.19 bn (100-day avg vol: 5.07 bn)
Value: 3.55 bn (100-day avg val: 3.12 bn)
Market Breadth: ⬆548 ⬇517
Crude palm oil: RM4,848 (-RM107)

Dow Futures: 34,347 pts (-29 pts)

Source: Bloomberg, M+ Online

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