M+ Online Market Wrap - 19 Oct 22

FBM KLCI: 1,415.10 pts (+14.74pts, +1.05%)

The FBM KLCI (+1.05%) notched back-to-back gains as investors poured into banking heavyweights after the recent selldown and taking cue from Wall Street’s positive performance. Market breadth remained positive as the advancers led the decliners by 437-to-426 stocks. The technology sector (-1.80%) tumbled as profit-taking activities emerged in INARI (-7.0 sen), UNISEM (-11.0 sen), and HONGSENG (-2.5 sen). Meanwhile, the financial services sector (+1.79%) outperformed the broader market. 

Top 3 Active stocks:
TOPGLOV (7113): RM0.725 (-1.5 sen)
HHHCORP (0160): RM0.13 (-3.0 sen)

UEMS (5148): RM0.20 (+1.0 sen)

Volume: 2.23 bn (100-day avg vol: 2.37 bn)
Value: RM1.72 bn (100-day avg val: RM1.73 bn)
Market Breadth: ⬆️437 ⬇️426
Crude palm oil: RM4,125 (+RM114)

Dow Futures: 30,572 pts (-4 pts)

Source: Bloomberg, M+ Online

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