M+ Online Market Wrap - 7 Oct 22

FBM KLCI: 1,406.00 pts (-14.43pts, -1.02%)

The FBM KLCI (-1.02%) slumped along with the negative regional markets as nearly two-thirds of the index constituents finished in the negative territory prior to the tabling of Budget 2023. Market breadth turned negative as the decliners outnumbered the advancers by 485-to-308 stocks. Selling pressure persisted in the plantation sector (-1.44%), led by SIMEPLT (-13.0 sen), KLK (-30.0 sen), and IOICORP (-4.0 sen), while the transportation & logistics sector (+0.67%) was the sole gainer among the 13 sub-indices. 

Top 3 Active stocks:
MMAG (0034): RM0.025 (unch)
TOPGLOV (7113): RM0.645 (-3.0 sen)

MYEG (0138): RM0.91 (+0.5 sen)

Volume: 1.91 bn (100-day avg vol: 2.46 bn)
Value: RM1.43 bn (100-day avg val: RM1.78 bn)
Market Breadth: ⬆️308 ⬇️485
Crude palm oil: RM3,843 (+RM143)

Dow Futures: 30,020 pts (+38 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.