M+ Online Market Wrap - 18 Mar 22

FBM KLCI: 1,591.26 pts (+0.38pts, +0.02%)

The FBM KLCI (+0.02%) pared earlier losses and finished the session with marginal gains, led by TENAGA (+34.0 sen) and PBBANK (+6.0 sen). Market breadth, however turned slightly negative as the losers led the gainers by 468-to-425 stocks. The technology sector (-2.32%) took a breather following the two-day rally, as profit taking activities emerged on MPI (-140.0 sen), HONGSENG (-31.0 sen), and KESM (-27.0 sen). Meanwhile, the energy sector (+1.47%) outperformed the mixed broader market. 

Top 3 Active stocks:
SIMEPROP (5288): RM0.56 (-2.0 sen)
PBBANK (1295): RM4.69 (+6.0 sen)

XOX (0165): RM0.02 (unch)

Volume: 3.33 bn (100-day avg vol: 3.25 bn)
Value: RM5.71 bn (100-day avg val: RM2.48 bn)
Market Breadth: ⬆425 ⬇468
Crude palm oil: RM5,709 (-RM227)

Dow Futures: 34,199 pts (-161 pts)

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.