M+ Online Market Wrap - 8 Dec 21

FBM KLCI: 1,494.03 pts (-3.94pts, -0.26%)

Despite Wall Street ended on a positive note, the FBM KLCI (-0.3%) declined for the session and underperformed as compared to other regional bourses. Selling pressure was noticed in AXIATA (-9.0 sen), HARTA (-15.0 sen), and TOPGLOV (-6.0 sen). Market breadth, however, turned positive as the gainers outnumbered the losers by 485-to-385 stocks. Meanwhile, the technology sector (+1.2%) outperformed the mostly positive broader market, mirroring the overnight rally on Nasdaq on gains from GREATEC (+43.0 sen), INARI (+8.0 sen), and D&O (+20.0 sen). 

Top 3 Active stocks:
ATAIMS (8176): RM0.495 (+5.5 sen)
FINTEC (0150): RM0.01 (-0.5 sen)

BCMALL (0187): RM0.025 (unch) 

Volume: 3.74 bn (100-day avg vol: 4.17 bn)
Value: 2.05 bn (100-day avg val: 2.85 bn)
Market Breadth: ⬆485 ⬇385
Crude palm oil: RM4,869 (-RM60)

Dow Futures: 35,760 pts (+47 pts)

Source: Bloomberg, M+ Online

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