M+ Online Market Wrap - 26 May 22
FBM KLCI: 1,541.15 pts (+5.59pts, +0.36%)
The FBM KLCI (+0.36%) outperformed the mixed regional markets driven by the bargain hunting activities within banking and telco heavyweights. Market breadth, however, remained negative as the decliners outnumbered the advancers by 557-to-406 stocks. Nevertheless, the technology sector (+2.36%) surged following the rebound on Wall Street overnight; underpinned by gains in INARI (+9.0 sen), HONGSENG (+12.0 sen), and MPI (+108.0 sen). Meanwhile, the energy sector (-2.01%) witnessed a sharp fall as the sectorial index lost ground for the third consecutive session.
Top 3 Active stocks:
SERBADK (5279): RM0.115 (+1.5 sen)
SAPNRG (5218): RM0.075 (-1.0 sen)
CYPARK (5184): RM0.395 (+1.5 sen)
Volume: 2.89 bn (100-day avg vol: 3.12 bn)
Value: RM1.97 bn (100-day avg val: RM2.39 bn)
Market Breadth: ⬆406 ⬇557
Crude palm oil: RM6,529 (+RM146)
Dow Futures: 32,092 pts (+16 pts)
Source: Bloomberg, M+ Online
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