M+ Online Market Wrap - 16 Nov 22

FBM KLCI: 1,448.38 pts (-2.16pts, -0.15%)

The FBM KLCI (-0.15%) posted its third straight day of decline as selldown was noticed in selected banking and plantation stocks ahead of the GE15. Market breadth was negative as the decliners outpaced the advancers by 493-to-351 stocks. The market sentiment remained negative on the broader market, with the construction sector (-1.61%) contributed the most towards the decline, dragged by GAMUDA (-12.0 sen), IJM (-3.0 sen), and AME (-8.0 sen). 

Top 3 Active stocks:
ASB (1481): RM0.12 (-0.5 sen)
TOPGLOV (7113): RM0.96 (-1.0 sen)

MASTEEL (5098): RM0.36 (+9.5 sen)

Volume: 2.32 bn (100-day avg vol: 2.36 bn)
Value: RM1.71 bn (100-day avg val: RM1.65 bn)
Market Breadth: ⬆️351 ⬇️493
Crude palm oil: RM4,035 (-RM31)

Dow Futures: 33,654 pts (+49 pts)

Source: Bloomberg, M+ Online

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