M+ Online Market Wrap - 13Sep22

FBM KLCI: 1,487.84 pts (-10.12pts, -0.68%)

The FBM KLCI (-0.68%) reversed its recent gains due to sell down in banking and industrial products & services heavyweights, bucking a positive performance on the regional markets. Market breadth was negative as the decliners led the advancers on a ratio of 9-to-7. The energy sector (+1.56%) outperformed the negative broader market, led by DIALOG (+3.0 sen), VELESTO (+1.5 sen), and COASTAL (+6.0 sen), driven by a rebound in crude oil price.

Top 3 Active stocks:
MTRONIC (0043): RM0.025 (-0.5 sen)
CSH (7165): RM0.04 (-0.5 sen)

AIMFLEX (0209): RM0.155 (+2.5 sen)

Volume: 2.64 bn (100-day avg vol: 2.55 bn)
Value: RM1.74 bn (100-day avg val: RM1.83 bn)
Market Breadth: ⬆️351 ⬇️450
Crude palm oil: RM3,859 (+RM176)

Dow Futures: 32,605 pts (+107 pts)

Source: Bloomberg, M+ Online

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