M+ Online Market Wrap - 16 Dec 22

FBM KLCI: 1,478.54 pts (+11.41pts, +0.78%)

The FBM KLCI (+0.78%) ended the volatile week on a positive note led by the plantation heavyweights. Market breadth however was negative with the decliners outpaced the advancers by 488-to-409 stocks. The plantation sector (+4.97%) outperformed the broader market as SIMEPLT (+42.0 sen), IOICORP (+29.0 sen), and KLK (+74.0 sen) traded positively for the session and it could be due to the FTSE rebalancing activities. Meanwhile, the transportation & logistic (+0.53%) and consumer products & services (0.49%) were among the top performing sectors. 

Top 3 Active stocks:
ASB (1481): RM0.22 (+3.0 sen)
BORNOIL (7036): RM0.025 (unch)

DNEX (4456): RM0.525 (+0.5 sen)

Volume: 3.33 bn (100-day avg vol: 2.67 bn)
Value: RM2.24 bn (100-day avg val: RM1.84 bn)
Market Breadth: ⬆️409 ⬇️488
Crude palm oil: RM3,893 (-RM1)

Dow Futures: 33,110 pts (-326 pts)

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.