M+ Online Market Wrap - 27Sep22

FBM KLCI: 1,410.87 pts (-2.17pts, -0.15%)

The FBM KLCI (-0.15%) slumped for the fifth consecutive session, closing just above its 52-week low at 1,410 as selling pressure was noticed amongst selected banking heavyweights. Market breadth, however, turned mildly positive as the advancers outnumbered the decliners by 427-to-392 stocks. Nevertheless, out of the 13 sub-sector, heavy selldown was noticed in the construction sector (-1.20%), led by GAMUDA (-8.0 sen), IJM (-5.0 sen), and VIZIONE (-0.5 sen). 

Top 3 Active stocks:
PTRB (0260): RM0.37 (unch)
TOPGLOV (7113): RM0.61 (-2.5 sen)

CSH (7165): RM0.035 (+0.5 sen)

Volume: 2.28 bn (100-day avg vol: 2.52 bn)
Value: RM1.92 bn (100-day avg val: RM1.82 bn)
Market Breadth: ⬆️427 ⬇️392
Crude palm oil: RM3,579 (+RM38)

Dow Futures: 29,561 pts (+218 pts)

Source: Bloomberg, M+ Online

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