M+ Online Market Wrap - 17 Feb 22

FBM KLCI: 1,605.02 pts (+1.82pts, +0.11%)

The FBM KLCI (+0.1%) scored its 7th straight winning session lifted by gains across selected plantation heavyweights following the strong quarterly results from KLK on yesterday evening that offset the impact of rising geopolitical tension between Russia and Ukraine. Market breadth turned positive as the advancers outpaced the decliners on a ratio of 5-to-4. The broader market, however, ended mixed with the plantation sector (+3.9%) leading the winners list, driven by the positive performance from KLK (+RM1.00), GENP (+70.0 sen) and SIMEPLT (+27.0 sen) as the sector peers reacted to the positive earnings delivered by the former.

Top 3 Active stocks:
DNEX (4456): RM1.26 (-1.0 sen)
SMTRACK (0169): RM0.24 (+1.5 sen)

VC (0060): RM0.08 (+1.0 sen)

Volume: 3.91 bn (100-day avg vol: 3.47 bn)
Value: RM3.34 bn (100-day avg val: RM2.46 bn)
Market Breadth: ⬆515 ⬇423
Crude palm oil: RM5,529 (+RM96)

Dow Futures: 34,689 pts (-162 pts)

Source: Bloomberg, M+ Online

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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.