M+ Online Market Wrap - 15 Dec 22

FBM KLCI: 1,467.13 pts (-16.04pts, -1.08%)

The FBM KLCI (-1.08%) tumbled along with the regional peers due to selldown in telecommunication and banking heavyweights. Market breadth turned negative as the decliners hammered the advancers by 584-to-308 stocks. The broader market was splashed in red with only the transportation & logistics sector (+1.50%) being the sole advancing sector, while the telecommunications & media sector (-2.42%) was hit hardest, underpinned by losses in DIGI (-10.0 sen), TM (-30.0 sen), and MAXIS (-13.0 sen). 

Top 3 Active stocks:
ASB (1481): RM0.19 (+1.5 sen)
PTRB (0260): RM0.575 (+6.5 sen)

NYLEX (4944): RM0.28 (+6.5 sen)

Volume: 2.54 bn (100-day avg vol: 2.66 bn)
Value: RM1.91 bn (100-day avg val: RM1.84 bn)
Market Breadth: ⬆️308 ⬇️584
Crude palm oil: RM3,911 (-RM39)

Dow Futures: 33,984 pts (-255 pts)

Source: Bloomberg, M+ Online

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