M+ Online Market Wrap - 3 Oct 22

FBM KLCI: 1,397.62 pts (+2.99pts, +0.21%)

The FBM KLCI (+0.21%) started 4Q22 on a positive note as bargain hunting activities emerged in the afternoon session despite the negative cue from Wall Street last week. Market breadth, however, remained negative as the decliners thumped the advancers by 530-to-285 stocks. The healthcare sector (-1.40%) underperformed the broader market as investors, primarily due to selldown in TOPGLOV (-3.0 sen), KOSSAN (-4.0 sen), and IHH (-1.0 sen). Meanwhile, the energy sector (+0.61%) gained momentum. 

Top 3 Active stocks:
TOPGLOV (7113): RM0.595 (-3.0 sen)
TWL (7079): RM0.05 (+0.5 sen)

PTRB (0260): RM0.455 (-0.5 sen)

Volume: 1.79 bn (100-day avg vol: 2.48 bn)
Value: RM1.45 bn (100-day avg val: RM1.80 bn)
Market Breadth: ⬆️285 ⬇️530
Crude palm oil: RM3,434 (+RM18)

Dow Futures: 28,838 pts (+37 pts)

Source: Bloomberg, M+ Online

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