M+ Online Market Wrap - 2 Mar 22

FBM KLCI: 1,598.10 pts (+1.66pts, +0.10%)

The FBM KLCI (+0.1%) outperformed its regional peers bucking the negative sentiment across the globe despite the Russia-Ukraine tension remains unresolved; gains were noticed in metal, plantation and crude oil related heavyweights on the back of soaring commodity prices. Market breadth, however, remained negative as the decliners overruled the advancers by a ratio of approximately 3-to-2. The plantation sector emerged as the top winner on the broader market, boosted by gains in SIMEPLT (+31.0 sen), KLK (+136.0 sen), and BKAWAN (+72.0 sen). 

Top 3 Active stocks:
SMTRACK (0169): RM0.22 (-0.5 sen)
HIBISCS (5199): RM1.22 (unch)

ARMADA (5210): RM0.465 (unch)

Volume: 3.23 bn (100-day avg vol: 3.41 bn)
Value: RM3.69 bn (100-day avg val: RM2.48 bn)
Market Breadth: ⬆406 ⬇607
Crude palm oil: RM6,698 (-RM64)

Dow Futures: 33,444 pts (+177 pts)

Source: Bloomberg, M+ Online

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