M+ Online Market Wrap - 17 Nov 21

FBM KLCI: 1,525.13 pts (+2.24pts, +0.15%)

The FBM KLCI (+0.2%) inched higher after fluctuated between the negative and positive territories throughout the trading session. Also, selling pressure were noticed amongst the small and mid cap stocks prior to the upcoming Melaka state election. Market breadth remained negative as the losers thumped the gainers by 715-to-260 stocks with the energy sector (-1.4%) ended in the negative region amid concerns over signs of oil surplus commented by OPEC. The energy index was dragged by ARMADA (-1.5 sen), HIBISCS (-3.0 sen), and COASTAL (-8.0 sen). 

Top 3 Active stocks:
VSOLAR (0066): RM0.015 (unch)
BRAHIMS (9474): RM0.14 (-8.0 sen)

DNEX (4456): RM0.82 (-1.0 sen)

Volume: 3.15 bn (100-day avg vol: 4.38 bn)
Value: 2.46 bn (100-day avg val: 2.83 bn)
Market Breadth: ⬆260 ⬇715
Crude palm oil: RM4,888 (+RM100)

Dow Futures: 36,079 pts (+18 pts)

Source: Bloomberg, M+ Online

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