M+ Online Market Wrap - 17 Jan 22

FBM KLCI: 1,542.92 pts (-12.41pts, -0.80%)

The FBM KLCI (-0.8%) suffered another decline amidst mixed performance in the regional markets as selloff was noticed in selected oil & gas, industrial products and plantation heavyweights. Market breadth remained negative as the losers overpowered the gainers by 556-to-337 stocks. The plantation sector (-1.45%) underperformed the negative broader market, with a big drag from KLK (-74.0 sen), SIMEPLT (-10.0 sen), and GENP (-18.0 sen), while the construction (+0.17%) and technology sectors (+0.49%) staged a rebound. 

Top 3 Active stocks:
SMTRACK (0169): RM0.235 (-5.5 sen)
KANGER (0170): RM0.02 (unch)

AIRASIA (5099): RM0.615 (-0.5 sen)

Volume: 2.59 bn (100-day avg vol: 3.81 bn)
Value: RM2.01 bn (100-day avg val: RM2.64 bn)
Market Breadth: ⬆337 ⬇556
Crude palm oil: RM5,012 (+RM56)

Dow Futures: 35,810 pts (+14 pts)

Source: Bloomberg, M+ Online

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