M+ Online Market Wrap - 5 Jan 22

FBM KLCI: 1,547.95 pts (+6.05pts, +0.39%)

Bucking the regional downtrend, the FBM KLCI (+0.4%) turned higher after two declining sessions as beaten-down healthcare and banking heavyweights staged a rebound; the former was lifted by the concerns over the emergence of another new Covid-19 variant. Market breadth remained positive as the advancers thumped the decliners on 659-to-346 stocks. Meanwhile, the broader market was fairly positive with the healthcare sector (+1.93%) taking the lead as bargain hunting activities were noted in TOPGLOV (+11.0 sen), HARTA (+23.0 sen), and IHH (+4.0 sen). 

Top 3 Active stocks:
KGROUP (0036): RM0.015 (unch)
SMTRACK (0169): RM0.26 (+0.5 sen) 

XOX (0165): RM0.03 (unch)

Volume: 4.50 bn (100-day avg vol: 3.81 bn)
Value: RM1.96 bn (100-day avg val: RM2.64 bn)
Market Breadth: ⬆659 ⬇346
Crude palm oil: RM4,998 (+RM84)

Dow Futures: 36,640 pts (-35 pts)

Source: Bloomberg, M+ Online

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