M+ Online Market Wrap - 8 Nov 22

FBM KLCI: 1,441.35 pts (-0.77pts, -0.05%)

The FBM KLCI (-0.05%) booked marginal losses amid mixed performances across the regional markets as investors turned cautious while waiting for inflation rate from China and the US. Market breadth turned negative as the decliners outpaced the advancers by 470-to-361 stocks. The healthcare sector (+1.79%) outperformed the negative-biased broader market as investors snapped up the beaten-down glove makers such as TOPGLOV (+6.0 sen), HARTA (+9.0 sen), and SUPERMX (+4.0 sen) despite the challenging outlook for the sector. 

Top 3 Active stocks:
ASB (1481): RM0.125 (+3.5 sen)
TANCO (2429): RM0.385 (-5.5 sen)

TOPGLOV (7113): RM0.845 (+5.5 sen)

Volume: 3.05 bn (100-day avg vol: 2.34 bn)
Value: RM1.58 bn (100-day avg val: RM1.67 bn)
Market Breadth: ⬆️361 ⬇️470
Crude palm oil: RM4,376 (-RM57)

Dow Futures: 32,893 pts (+55 pts)

Source: Bloomberg, M+ Online

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