M+ Online Market Wrap - 18 May 22

FBM KLCI: 1,554.91 pts (+6.31pts, +0.41%)

The FBM KLCI (+0.41%) notched higher for the third straight session, buoyed by rebound in global stock exchanges and most of the banking heavyweights closed in the positive territories. Market breadth was neutral with the gainers-to-losers ratio stood around 1-to-1. Meanwhile, the energy sector (+1.15%) extended winning streak amid firmer crude oil price, underpinned by gains in DIALOG (+7.0 sen), YINSON (+16.0 sen), and ARMADA (+2.0 sen). 

Top 3 Active stocks:
SAPNRG (5218): RM0.075 (unch)
TECHNAX (2739): RM0.05 (-3.0 sen)

SERBADK (5279): RM0.16 (-0.5 sen)

Volume: 3.74 bn (100-day avg vol: 3.09 bn)
Value: RM2.26 bn (100-day avg val: RM2.37 bn)
Market Breadth: ⬆460 ⬇464
Crude palm oil: RM6,151 (+RM35)

Dow Futures: 32,501 pts (-80 pts)

Source: Bloomberg, M+ Online

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