M+ Online Market Wrap - 14 Dec 22
FBM KLCI: 1,483.17 pts (+13.05pts, +0.89%)
The FBM KLCI (+0.89%) staged a rebound along with the regional peers as investors shrugged off rate-hike fears after the release of cooler inflation data in the US. Market breadth turned positive as the advancers trounced the decliners by 532-to-381 stocks. Bullish momentum sustained in the energy sector (+1.36%) as DIALOG (+2.0 sen), HIBISCS (+3.0 sen), and ARMADA (+1.0 sen) climbed, while the technology sector (+1.03%) gained traction following Nasdaq’s rebound move.
Top 3 Active stocks:
SNS (0259): RM0.27 (+2.0 sen)
ASB (1481): RM0.175 (+0.5 sen)
TOPGLOV (7113): RM0.785 (unch)
Volume: 2.51 bn (100-day avg vol: 2.65 bn)
Value: RM1.90 bn (100-day avg val: RM1.83 bn)
Market Breadth: ⬆️532 ⬇️381
Crude palm oil: RM3,984 (+RM98)
Dow Futures: 34,369 pts (-19 pts)
Source: Bloomberg, M+ Online
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