M+ Online Market Wrap - 17 May 22

FBM KLCI: 1,548.60 pts (+4.19pts, +0.27%)

The FBM KLCI (+0.27%) extended its gains in tandem with the regional bourses on the back of strong buying interest in selected heavyweights led by PMETAL (+34.0 sen) that propelled the key index. Market breadth remained positive as the advancers thumped the decliners by 575-to-424 stocks. The energy sector (+6.61%) rallied, outperforming the positive broader market, as SAPNRG (+3.0 sen), HIBISCS (+12.0 sen), and PETRONM (+69.0 sen) gained traction amid soaring crude oil price. 

Top 3 Active stocks:
SERBADK (5279): RM0.165 (+4.5 sen)
SAPNRG (5218): RM0.075 (+3.0 sen)

TECHNAX (2739): RM0.08 (-3.5 sen)

Volume: 5.51 bn (100-day avg vol: 3.08 bn)
Value: RM2.79 bn (100-day avg val: RM2.36 bn)
Market Breadth: ⬆575 ⬇424
Crude palm oil: RM6,125 (-RM14)

Dow Futures: 32,508 pts (+349 pts)

Source: Bloomberg, M+ Online

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