M+ Online Market Wrap - 21 Feb 22

FBM KLCI: 1,582.69 pts (-20.36pts, -1.27%)

The FBM KLCI shed 1.3% to close below the critical 1,600 level following the overnight negative sentiment on Wall Street; selling pressure picked up in selected industrial products & services, plantation, and telecommunication heavyweights. Broader market was broadly in the red, with the plantation sector (-4.12%) being the top losing sector, dragged by SIMEPLT (-32.0 sen), KLK (-126.0 sen), and IOICORP (-19.0 sen), followed by the technology sector (-3.67%). On the other end, the property sector (+2.59%) outperformed the market. 

Top 3 Active stocks:
SMTRACK (0169): RM0.26 (+2.0 sen)
TAWIN (7097): RM0.18 (-0.5 sen)

DNEX (4456): RM1.18 (-9.0 sen)

Volume: 4.02 bn (100-day avg vol: 3.45 bn)
Value: RM3.08 bn (100-day avg val: RM2.46 bn)
Market Breadth: ⬆338 ⬇719
Crude palm oil: RM5,650 (+RM111)

Dow Futures: 34,078 pts (+71 pts)

Source: Bloomberg, M+ Online

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