M+ Online Market Wrap - 29 Oct 21

FBM KLCI: 1,562.31 pts (-4.55pts, -0.29%)

The FBM KLCI (-0.3%) finished the week on a negative note as investors traded cautiously prior to the Budget 2022; most of the banking stocks such as MAYBANK, PBBANK and RHBBANK were traded lower. Market breadth, however, was fairly neutral with the gainers to losers ratio stood at nearly 1-to-1. Meanwhile,  the healthcare sector (+1.1%) emerged as the biggest advancer on the mixed broader market, led by TOPGLOV (+13.0 sen), HARTA (+22.0 sen), and IHH (+2.0 sen). 

Top 3 Active stocks:
MMAG (0034): RM0.105 (+1.0 sen)
BENALEC (5190): RM0.15 (-0.5 sen)

SCIB (9237): RM0.23 (unch)

Volume: 3.03 bn (100-day avg vol: 4.69 bn)
Value: 2.35 bn (100-day avg val: 2.95 bn)
Market Breadth: ⬆495 ⬇485
Crude palm oil: RM5,032 (+RM103)

Dow Futures: 35,546 pts (-67 pts)

Source: Bloomberg, M+ Online

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