M+ Online Market Wrap - 20 Oct 22

FBM KLCI: 1,437.72 pts (+22.62pts, +1.60%)

Bucking the bearish sentiment across the regional markets, the FBM KLCI (+1.60%) rallied amid persisted buying momentum in PCHEM (+27.0 sen), as well as selected banking and plantation heavyweights after the official GE15 date is announced. Market breadth remained positive as the advancers led the decliners by 493-to-365 stocks. The energy sector (+2.99%) advanced, led by DIALOG (+6.0 sen), HIBISCS (+7.0 sen), and YINSON (+4.0 sen), as crude oil price rebounded on the back of potential easing in China on the Covid-19 quarantine measure. 

Top 3 Active stocks:
SERBADK (5279): RM0.03 (+1.5 sen)
BORNOIL (7036): RM0.025 (+2.5 sen)

TOPGLOV (7113): RM0.735 (+1.0 sen)

Volume: 2.71 bn (100-day avg vol: 2.37 bn)
Value: RM2.60 bn (100-day avg val: RM1.73 bn)
Market Breadth: ⬆️493 ⬇️365
Crude palm oil: RM4,095 (-RM23)

Dow Futures: 30,414 pts (-46 pts)

Source: Bloomberg, M+ Online

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