M+ Online Market Wrap - 16 Mar 22

FBM KLCI: 1,571.32 pts (+13.91pts, +0.89%)

The FBM KLCI (+0.89%) snapped the three-day losing streak and rebounded strongly along with the regional peers after China vowed to keep its stock market stable and resolve sthe property risks. Market breadth turned positive as the gainers thumped the losers by 732-to-263 stocks. The technology sector (+5.10%) saw a stunning rebound after the abovementioned factor, led by INARI (+14.0 sen), GREATEC (+37.0 sen), and D&O (+31.0 sen). Meanwhile, the construction sector (+4.99%) gained traction following the updates of the MRT3. 

Top 3 Active stocks:
DNEX (4456): RM1.00 (+8.0 sen)
BSLCORP (7221): RM0.21 (-0.5 sen)

WIDAD (0162): RM0.34 (unch)

Volume: 2.59 bn (100-day avg vol: 3.25 bn)
Value: RM2.71 bn (100-day avg val: RM2.48 bn)
Market Breadth: ⬆732 ⬇263
Crude palm oil: RM5,998 (+RM193)

Dow Futures: 33,725 pts (+298 pts)

Source: Bloomberg, M+ Online

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