M+ Online Market Wrap - 25 Aug 22

FBM KLCI: 1,495.49 pts (+28.23pts, +1.92%)

The FBM KLCI (+1.92%) rebounded along with most of the regional peers, snapping the six-session losing streak. Also, investors were cheering on the stimulus measure worth RMB300bn planned by China earlier today. Market breadth turned positive as the advancers trounced the decliners by 663-to-293 stocks. All 13 sub-indices closed in the positive territory, led by the energy sector (+3.63%) as crude oil price stabilised above USD100 per barrel mark; leading stocks include DIALOG (+5.0 sen), HENGYUAN (+52.0 sen), and HIBISCS (+6.0 sen). 

Top 3 Active stocks:
SERBADK (5279): RM0.035 (-1.0 sen)
TWL (7079): RM0.055 (+0.5 sen)

HIBISCS (5199): RM1.02 (+6.0 sen)

Volume: 2.64 bn (100-day avg vol: 2.65 bn)
Value: RM2.11 bn (100-day avg val: RM1.87 bn)
Market Breadth: ⬆️663 ⬇️293
Crude palm oil: RM4,290 (-RM18)

Dow Futures: 33,139 pts (+181 pts)

Source: Bloomberg, M+ Online

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