M+ Online Market Wrap - 28 Oct 22

FBM KLCI: 1,447.31 pts (-6.78pts, -0.47%)
The FBM KLCI (-0.47%) took further dive, largely due to selldown in selected banking and plantation heavyweights and the market sentiment was affected by the negative Hong Kong market. Market breadth turned negative as the decliners surpassed the advancers by 450-to-393 stocks. The healthcare sector (+1.59%) advanced as IHH (+3.0 sen), HARTA (+5.0 sen), and KOSSAN (+5.0 sen) gained traction, while the plantation sector (-1.10%) witnessed further selldown as the FCPO pulled back below RM4,100 level.

Top 3 Active stocks:
BORNOIL (7036): RM0.02 (unch)
TOPGLOV (7113): RM0.79 (+1.5 sen)
MYEG (0138): RM0.885 (+2.0 sen)

Volume: 2.38 bn (100-day avg vol: 2.34 bn)
Value: RM1.65 bn (100-day avg val: RM1.69 bn)
Market Breadth: ⬆️393 ⬇️450
Crude palm oil: RM3,997 (-RM150)
Dow Futures: 31,971 pts (-103 pts)

Source: Bloomberg, M+ Online

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