M+ Online Morning Market Buzz - 7 Jan 22

Dow Jones: 36,236.47 pts (-170.64pts, -0.47%)
⬆ Resistance:  37700
⬇ Support:  35500

FBM KLCI: 1,533.36 pts (-14.59pts, -0.94%)
⬆ Resistance:  1600
⬇ Support:  1510

HSI Index: 23,072.86 pts (+165.61pts, +0.72%)
⬆ Resistance:  24100
⬇ Support:  22300

Crude Palm Oil: RM4,985 (+RM24, +0.48%)
⬆ Resistance:  5160
⬇ Support:  4580

Brent Oil: $81.99 (+$1.19, +1.47%)
⬆ Resistance:  84.50
⬇ Support:  75.50

Gold: $1,791.16 (-$19.28, -1.06%)
⬆ Resistance:  1870
⬇ Support:  1760

M+ Online Technical Trading Stocks - 7 Jan 22

Stock Name: AEON (6599)
Entry: Buy above RM1.42
Target: RM1.46 (2.8%), RM1.50 (5.6%)
Stop: RM1.39 (-2.1%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: SNC (7943)
Entry: Buy above RM0.57
Target: RM0.615 (7.9%), RM0.63 (10.5%)
Stop: RM0.54 (-5.3%)
Shariah: Yes
Technical: Short-term consolidation breakout

M+ Online Market Wrap - 7 Jan 22

FBM KLCI: 1,543.11 pts (+9.75pts, +0.64%)
The FBM KLCI (+0.6%) rebounded, recovering most of its earlier losses as investors stepped in to buy the dip; leading movers include the plantation heavyweights and PBBANK (+4.0 sen). Market breadth turned positive as the advancers outplayed the decliners by 600-to-338 stocks. The plantation counters (+1.75%) outperformed the positive broader market, lifted by SIMEPLT (+15.0 sen), IOICORP (+13.0 sen), and KLK (+26.0 sen) on the back of firmer CPO prices. Meanwhile, the technology sector (-0.2%) was the sole declining sector as investors took cue from Nasdaq’s decline. 

Top 3 Active stocks:
AT (0072): RM0.03 (unch)
MQTECH (0070): RM0.105 (+4.0 sen) 
SMTRACK (0169): RM0.295 (+1.5 sen)

Volume: 4.14 bn (100-day avg vol: 3.81 bn)
Value: RM1.90 bn (100-day avg val: RM2.62 bn)
Market Breadth: ⬆600 ⬇338
Crude palm oil: RM4,988 (+RM3)
Dow Futures: 36,180 pts (+57 pts)

Source: Bloomberg, M+ Online

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