M+ Online Market Wrap - 18 Feb 22

FBM KLCI: 1,603.05 pts (-1.97pts, -0.12%)

Taking cues from the overnight slump on Wall Street, the FBM KLCI (-0.1%) snapped its seven-session gains and posted mild losses. Market breadth turned negative as the decliners outnumbered the advancers by 510-to-477 stocks. The broader market, however was slightly positive, with the technology sector (-2.09%) taking the biggest hit, dragged by MPI (-216.0 sen), VITROX (-42.0 sen), and INARI (-10.0 sen) as the sector followed the Nasdaq's movements. On the other end, the plantation sector (+1.92%) extended its uptrend, supported by firm CPO prices above RM5,500 at this juncture. 

Top 3 Active stocks:
TAWIN (7097): RM0.185 (+3.0 sen)
HIBISCS (5199): RM1.18 (+4.0 sen)

SMTRACK (0169): RM0.24 (unch)

Volume: 3.87 bn (100-day avg vol: 3.46 bn)
Value: RM2.99 bn (100-day avg val: RM2.46 bn)
Market Breadth: ⬆477 ⬇510
Crude palm oil: RM5,534 (+RM27)

Dow Futures: 34,351 pts (+120 pts)

Source: Bloomberg, M+ Online

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