M+ Online Market Wrap - 8Sep22

FBM KLCI: 1,494.73 pts (+3.38pts, +0.23%)

The FBM KLCI (+0.23%) extended gains following a positive performance on Wall Street overnight. Market breadth turned positive as the advancers outpaced the decliners by 416-to-372 stocks. The telecommunications & media sector (+0.65%) led gains, underpinned by gains in MAXIS (+6.0 sen), TM (+9.0 sen), and DIGI (+2.0 sen), while the energy sector (-0.38%) witnessed a further pullback after a sharp fall in Brent oil price, hovering below the USD90 level. 

Top 3 Active stocks:
MTRONIC (0043): RM0.045 (-1.5 sen)
SNS (0259): RM0.26 (unch)

AGMO (0258): RM0.945 (+2.5 sen)

Volume: 2.39 bn (100-day avg vol: 2.58 bn)
Value: RM1.86 bn (100-day avg val: RM1.86 bn)
Market Breadth: ⬆️416 ⬇️372
Crude palm oil: RM3,563 (-RM127)

Dow Futures: 31,584 pts (+7 pts)

Source: Bloomberg, M+ Online

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