M+ Online Market Wrap - 5 Oct 22

FBM KLCI: 1,420.55 pts (+11.19pts, +0.79%)

The FBM KLCI (+0.79%) maintained its upward momentum following an overnight rally on Wall Street as investors picked up the beaten-down industrial products & services and plantation heavyweights. Market breadth remained positive as the advancers overtook the decliners by 518-to-350 stocks. Undertone in the broader market turned stronger with the plantation sector (+2.44%) seeing a significant surge, underpinned by gains in SIMEPLT (+16.0 sen), IOICORP (+9.0 sen), and BKAWAN (+62.0 sen). 

Top 3 Active stocks:
MMAG (0034): RM0.025 (-1.0 sen)
HIBISCS (5199): RM0.945 (+7.5 sen)

TOPGLOV (7113): RM0.64 (+2.0 sen)

Volume: 3.23 bn (100-day avg vol: 2.48 bn)
Value: RM1.72 bn (100-day avg val: RM1.79 bn)
Market Breadth: ⬆️518 ⬇️350
Crude palm oil: RM3,694 (+RM80)

Dow Futures: 30,130 pts (-235 pts)

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.