M+ Online Market Wrap - 10 Jan 22

FBM KLCI: 1,550.17 pts (+7.06pts, +0.46%)

The FBM KLCI (+0.5%) extended gains after recouping earlier losses, mainly lifted by gains in selected banking and industrial products & services heavyweights. Market breadth remained positive as the losers outpaced the gainers by 523-to-462 stocks. On the broader market, the technology sector (-3.1%) plunged in tandem with Nasdaq on the back of concerns over anticipated interest rate hikes environment in the US; INARI (-15.0 sen), GREATEC (-37.0 sen), and FRONTKN (-29.0 sen) traded lower. Meanwhile, the healthcare sector (+1.5%) outperformed the broader market as glove counters rallied. 

Top 3 Active stocks:
FINTEC (0150): RM0.015 (+0.5 sen)
KGROUP (0036): RM0.015 (unch) 

TRIVE (0118): RM0.13 (+5.0 sen)

Volume: 6.67 bn (100-day avg vol: 3.83 bn)
Value: RM2.38 bn (100-day avg val: RM2.62 bn)
Market Breadth: ⬆462 ⬇523
Crude palm oil: RM5,045 (+RM52)

Dow Futures: 36,117 pts (+10 pts)

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.