M+ Online Market Wrap - 11 Nov 22

FBM KLCI: 1,468.21 pts (+18.47pts, +1.27%)

The FBM KLCI (+1.27%) soared along with regional bourses as investors cheered the Malaysia’s GDP growth which signalled the economy is on a recovery mode, as well as the softening of the US inflation rate. Market breadth turned positive as the advancer thumped the decliners by 667-to-275 stocks. The technology sector (+5.33%) was the session’s leader, tracking the overnight rallies in Nasdaq with GREATEC (+53.0 sen), INARI (+13.0 sen), and MPI (+230.0 sen) being the top gaining stocks. Conversely, REIT (-0.17%) was the sole laggard. 

Top 3 Active stocks:
ASB (1481): RM0.135 (+0.5 sen)
TOPGLOV (7113): RM0.96 (+7.5 sen)

CAREPLS (0163): RM0.515 (+2.5 sen)

Volume: 3.44 bn (100-day avg vol: 2.36 bn)
Value: RM2.43 bn (100-day avg val: RM1.66 bn)
Market Breadth: ⬆️667 ⬇️275
Crude palm oil: RM4,278 (+RM100)

Dow Futures: 33,878 pts (+166 pts)

Source: Bloomberg, M+ Online

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