M+ Online Market Wrap - 13 Dec 22

FBM KLCI: 1,470.12 pts (-4.26pts, -0.29%)

The FBM KLCI (-0.29%) extended its decline in line with the mixed regional markets as sentiment turned cautious ahead of the US CPI data (later at 830pm) and the FOMC meeting outcome tomorrow, respectively. Market breadth remained negative as the decliners led the advancers by 485-to-411 stocks. Selling momentum persisted in the construction sector (-1.60%), laggards include SUNCON (-1.0 sen), VIZIONE (-0.5 sen), and LEBTECH (-5.0 sen), while the utilities sector (+1.06%) rebounded. 

Top 3 Active stocks:
ITMAX (5309): RM1.38 (+31.0 sen)
SNS (0259): RM0.25 (+2.5 sen)

DATAPRP (8338): RM0.255 (-4.0 sen)

Volume: 2.69 bn (100-day avg vol: 2.65 bn)
Value: RM1.84 bn (100-day avg val: RM1.82 bn)
Market Breadth: ⬆️411 ⬇️485
Crude palm oil: RM3,894 (+RM157)

Dow Futures: 34,357 pts (+88 pts)

Source: Bloomberg, M+ Online

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