M+ Online Market Wrap - 4 Oct 22

FBM KLCI: 1,409.36 pts (+11.74pts, +0.84%)

The FBM KLCI (+0.84%) staged a further rebound following a strong rally on Wall Street as selected banking, consumer and telecommunication heavyweights led gains. Market breadth turned positive as the advancers hammered the decliners on a ratio of approximately 2-to-1. The telecommunications & media sector (+1.55%) advanced, buoyed by MAXIS (+18.0 sen), DIGI (+9.0 sen), and AXIATA (+4.0 sen), followed by the energy sector (+1.52%). Meanwhile, the plantation sector (-1.09%) was the sole declining sector on the broader market. 

Top 3 Active stocks:
CITAGLB (7245): RM0.265 (+2.5 sen)
CYPARK (5184): RM0.46 (+3.0 sen)

TOPGLOV (7113): RM0.62 (+2.5 sen)

Volume: 1.92 bn (100-day avg vol: 2.48 bn)
Value: RM1.46 bn (100-day avg val: RM1.80 bn)
Market Breadth: ⬆️568 ⬇️280
Crude palm oil: RM3,615 (+RM189)

Dow Futures: 29,909 pts (+371 pts)

Source: Bloomberg, M+ Online

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