M+ Online Market Wrap - 24 Aug 22

FBM KLCI: 1,467.26 pts (-15.31pts, -1.03%)

The FBM KLCI (-1.03%) tumbled as negative sentiment prevailed; plantation heavyweights led losses, followed by selected utilities and telecommunication constituents. Market breadth remained negative as the decliners outnumbered the advancers by 506-to-359 stocks. The plantation sector (-2.82%) was the biggest losing sector across negative broader market, dragged by SIMEPLT (-29.0 sen), IOICORP (-29.0 sen), KMLOONG (-3.0 sen). 

Top 3 Active stocks:
MAYBANK (1155): RM8.81 (-2.0 sen)
PCHEM (5183): RM8.50 (-6.0 sen)

SCOPE (0028): RM0.175 (-2.0 sen)

Volume: 2.89 bn (100-day avg vol: 2.65 bn)
Value: RM1.74 bn (100-day avg val: RM1.88 bn)
Market Breadth: ⬆️359 ⬇️506
Crude palm oil: RM4,244 (+RM10)

Dow Futures: 32,900 pts (-1 pts)

Source: Bloomberg, M+ Online

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