M+ Online Market Wrap - 27 Oct 22

FBM KLCI: 1,454.09 pts (-0.89pts, -0.06%)

The FBM KLCI (-0.06%) reversed and booked marginal losses on the back of profit taking activities on banking heavyweights. Market breadth, however, remained positive as the advancers hammered the decliners by 505-to-325 stocks. The broader market closed largely in the positive territory, with the energy sector (+2.64%) being the biggest winner, underpinned by gains in DIALOG (+10.0 sen), VELESTO (+1.0 sen), and HIBISCS (+4.0 sen) following a surge in Brent crude oil price. 

Top 3 Active stocks:
BETA (0263): RM0.58 (-13.0 sen)
TOPGLOV (7113): RM0.775 (+2.0 sen)

CAREPLS (0163): RM0.445 (unch)

Volume: 2.53 bn (100-day avg vol: 2.34 bn)
Value: RM1.87 bn (100-day avg val: RM1.69 bn)
Market Breadth: ⬆️505 ⬇️325
Crude palm oil: RM4,170 (+RM49)

Dow Futures: 31,998 pts (+126 pts)

Source: Bloomberg, M+ Online
 

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