M+ Online Market Wrap - 14 Mar 22

FBM KLCI: 1,567.44 pts (-0.78pts, -0.05%)

Despite heavy selling pressure emerged on the regional markets, the FBM KLCI (-0.05%) posted mild losses on the back of buying interest in the banking and healthcare heavyweights. Market breadth is negative as the decliners led the advancers by 637-to-317 stocks. The plantation sector (-1.87%) continued to slump, led by SIMEPLT (-12.0 sen), IOICORP (-5.0 sen), and SOP (-46.0 sen), while the healthcare sector (+1.63%) gained traction as Covid cases spiked in China. 

Top 3 Active stocks:
VELESTO (5243): RM0.105 (-0.5 sen)
HIBISCS (5199): RM1.11 (-7.0 sen)

FITTERS (9318): RM0.165 (-0.5 sen)

Volume: 2.52 bn (100-day avg vol: 3.29 bn)
Value: RM2.22 bn (100-day avg val: RM2.49 bn)
Market Breadth: ⬆317 ⬇637
Crude palm oil: RM6,226 (-RM481)

Dow Futures: 33,058 pts (+245 pts)

Source: Bloomberg, M+ Online

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