M+ Online Market Wrap - 25 Nov 22

FBM KLCI: 1,486.54 pts (-15.34pts, -1.02%)

The FBM KLCI (-1.02%) retreated below the key 1,500 level as broad-based profit taking activities took place following a strong surge yesterday. Market breadth turned negative as the decliners hammered the advancers by 629-to-347 stocks. Majority of the major indices ended in the negative territory, with the healthcare sector (-1.65%) succumbing to heavy selling pressure, dragged by TOPGLOV (-7.5 sen), HARTA (-5.0 sen), and SUPERMX (-3.5 sen). Meanwhile, the transportation & logistics sector (+1.01%) stood out. 

Top 3 Active stocks:
ASB (1481): RM0.205 (-5.5 sen)
MMAG (0034): RM0.03 (unch)

INFOM (0265): RM0.535 (unch)

Volume: 4.41 bn (100-day avg vol: 2.47 bn)
Value: RM2.75 bn (100-day avg val: RM1.70 bn)
Market Breadth: ⬆️347 ⬇️629
Crude palm oil: RM4,104 (+RM64)

Dow Futures: 34,257 pts (+46 pts)

Source: Bloomberg, M+ Online

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