M+ Online Market Wrap - 14 Jun 22

FBM KLCI: 1,481.28 pts (+16.45pts, +1.12%)

The FBM KLCI (+1.12%) rebounded from morning session's losses, snapping an eight-day losing streak as bargain hunting activities emerged despite mixed regional performances ahead of the US FOMC outcome. Market breadth was neutral as the gainers and losers ratio stood at 1-to-1. The majority of the sectorial indices traded in a positive undertone, led by the plantation sector (+2.27%) as SIMEPLT (+27.0 sen), KLK (+50.0 sen), and IOICORP (+5.0 sen) rallied. 

Top 3 Active stocks:
UNITRAD (0247): RM0.30 (-2.0 sen)
DNEX (4456): RM0.91 (+0.5 sen)

TOPGLOV (7113): RM1.03 (unch)

Volume: 2.72 bn (100-day avg vol: 3.05 bn)
Value: RM2.11 bn (100-day avg val: RM2.44 bn)
Market Breadth: ⬆482 ⬇483
Crude palm oil: RM5,826 (+RM33)

Dow Futures: 30,598 pts (+97 pts)

Source: Bloomberg, M+ Online

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