M+ Online Market Wrap - 1 Nov 22

FBM KLCI: 1,445.92 pts (-14.46pts, -0.99%)

Bucking the improved performances across the regional markets, the FBM KLCI (-0.99%) fell as profit-taking activities set in prior to the US FOMC’s meeting. Market breadth turned negative as the decliners overtook the advancers by 479-to-381 stocks. Sectors on the broader market were largely in the negative territory, with the plantation sector (-1.26%) facing heavy selling pressure, dragged by KLK (-70.0 sen), IOICORP (-10.0 sen), SIMEPLT (-7.0 sen). 

Top 3 Active stocks:
KNM (7164): RM0.04 (-4.5 sen)
TOPGLOV (7113): RM0.80 (+0.5 sen)

TANCO (2429): RM0.425 (+5.0 sen)

Volume: 2.98 bn (100-day avg vol: 2.35 bn)
Value: RM1.56 bn (100-day avg val: RM1.69 bn)
Market Breadth: ⬆️381 ⬇️479
Crude palm oil: RM4,260 (+RM206)

Dow Futures: 32,962 pts (+187 pts)

Source: Bloomberg, M+ Online

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