M+ Online Market Wrap - 29 Nov 22

FBM KLCI: 1,476.96 pts (-9.58pts, -0.64%)

The FBM KLCI (-0.64%) extended losses as investors await the formation of the cabinet, bucking the regional markets’ gains following a decline in China’s Covid-19 infections. Market breadth, however turned positive as the advancers outnumbered the decliners by 564-to-409 stocks. The industrial products & services sector (-2.04%) tumbled as selldown in PCHEM (-56.0 sen), PMETAL (-6.0 sen), and CHINHIN (-14.0 sen) weighed on the index. Meanwhile, the property sector (+1.95%) gained momentum. 

Top 3 Active stocks:
ASB (1481): RM0.195 (-1.0 sen)
MQTECH (0070): RM0.05 (+1.0 sen)

SMTRACK (0169): RM0.06 (+1.0 sen)

Volume: 3.40 bn (100-day avg vol: 2.49 bn)
Value: RM2.47 bn (100-day avg val: RM1.70 bn)
Market Breadth: ⬆️564 ⬇️409
Crude palm oil: RM4,219 (+RM79)

Dow Futures: 33,913 pts (+42 pts)

Source: Bloomberg, M+ Online

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