M+ Online Market Wrap - 1 Dec 21

FBM KLCI: 1,496.93 pts (-17.05pts, -1.13%)
The FBM KLCI (-1.1%) tumbled below significant support of 1,500, reversing Monday's gains as the key index mirrored overnight losses on Wall Street following the Feds Chairman's comment on potential speeding up tapering of the bond-buying programme. Market breadth turned negative as the losers thumped the gainers by 680-to-293 stocks. 12 out of 13 major sectors were splashed in red, with the healthcare sector (-3.2%) taking the hardest hit, dragged by TOPGLOV (-19.0 sen), HARTA (-20.0 sen), and SUPERMX (-15.0 sen) as selling pressure mounted on glove counters. 
  
Top 3 Active stocks:
KANGER (0170): RM0.035 (unch)
BCMALL (0187): RM0.04 (-1.0 sen)

LAMBO (0018): RM0.05 (unch) 

Volume: 3.64 bn (100-day avg vol: 4.20 bn)
Value: 2.75 bn (100-day avg val: 2.87 bn)
Market Breadth: ⬆293 ⬇680
Crude palm oil: RM4,685 (+RM13)

Dow Futures: 34,669 pts (+212 pts)

Source: Bloomberg, M+ Online

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