M+ Online Market Wrap - 26 Oct 22

FBM KLCI: 1,454.98 pts (+10.57pts, +0.73%)

The FBM KLCI (+0.73%) staged a strong rebound after a mild pullback yesterday as plantation and telecommunication heavyweights led gains. Market breadth turned positive as the advancers thumped the decliners by 521-to-354 stocks. The healthcare sector (+3.82%) logged sharp gains on rotational play, lifted by HARTA (+22.0 sen), TOPGLOV (+4.0 sen), and KOSSAN (+9.0 sen). Meanwhile, the plantation sector (+2.20%) surged as the CPO price sustained above RM4,000. 

Top 3 Active stocks:
BETA (0263): RM0.71 (unch)
TOPGLOV (7113): RM0.755 (+4.0 sen)

SERBADK (5279): RM0.02 (unch)

Volume: 2.61 bn (100-day avg vol: 2.34 bn)
Value: RM1.80 bn (100-day avg val: RM1.73 bn)
Market Breadth: ⬆️521 ⬇️354
Crude palm oil: RM4,128 (+RM1)

Dow Futures: 31,895 pts (+18 pts)

Source: Bloomberg, M+ Online

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