M+ Online Market Wrap - 27 Jan 22

FBM KLCI: 1,515.99 pts (+0.23pts, +0.02%)

The FBM KLCI (+0.02%) pared earlier losses and ended on modest gain, outperforming the negative regional markets after the US Federal Reserve announced the interest rate hikes timeline going forward. Market breadth remained positive as the gainers led the losers by 589-to-329 stocks. The energy sector (+1.85%) beat the negative-biased broader market amid firmer crude oil price, with buying interest noticed on HIBISCS (+9.0 sen), ARMADA (+2.0 sen), and DIALOG (+2.0 sen). Meanwhile, quick profit taking activities emerged in the technology sector (-1.47%) after yesterday’s rally. 

Top 3 Active stocks:
DNEX (4456): RM0.92 (-2.5 sen)
HIBISCS (5199): RM0.97 (+9.0 sen)

DATAPRP (8338): RM0.615 (+5.0 sen)

Volume: 2.22 bn (100-day avg vol: 3.69 bn)
Value: RM1.77 bn (100-day avg val: RM2.57 bn)
Market Breadth: ⬆329 ⬇589
Crude palm oil: RM5,483 (+RM154)

Dow Futures: 33,985 pts (-70 pts)

Source: Bloomberg, M+ Online

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