M+ Online Market Wrap - 15 Feb 22

FBM KLCI: 1,599.61 pts (+15.77pts, +1.00%)

The FBM KLCI (+1.0%) marched higher for the fifth straight session as the key index was again boosted by selected plantation heavyweights today. Market breadth turned positive as the advancers outstripped the decliners by 519-to-447 stocks. Amidst the mixed broader market, the plantation sector (+5.0%) rallied, anchored by gains from KLK (+RM1.16), GENP (+55.0 sen) and SIMEPLT (+45.0 sen) as CPO price continues to remain upbeat. On the other side of the trade, the utilities sector (-0.5%) underperformed to record its fourth day losing streak.

Top 3 Active stocks:
DNEX (4456): RM1.13 (-2.0 sen)
TAWIN (7097): RM0.16 (+1.5 sen)

SMTRACK (0169): RM0.21 (+0.5 sen)

Volume: 3.57 bn (100-day avg vol: 3.48 bn)
Value: RM2.98 bn (100-day avg val: RM2.46 bn)
Market Breadth: ⬆519 ⬇447
Crude palm oil: RM5,715 (+RM48)

Dow Futures: 34,771 pts (+300 pts)

Source: Bloomberg, M+ Online

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