M+ Online Market Wrap - 19 Dec 22

FBM KLCI: 1,477.09 pts (-1.45pts, -0.10%)

The FBM KLCI (-0.10%) staged a pullback due to selldown in selected plantation, consumer, and utilities heavyweights in tandem with the bearish sentiment observed across the regional markets following the selldown last week on Wall Street. Market breadth remained negative as the decliners were ahead of the decliners by 495-to-393 stocks. Profit taking activities kicked in for the plantation sector (-2.36%), dragged by SIMEPLT (-34.0 sen), KLK (-26.0 sen), and IOICORP (-3.0 sen), while the transportation & logistics sector (+1.29%) gained momentum. 

Top 3 Active stocks:
ASB (1481): RM0.205 (-1.5 sen)
SUNVIEW (0262): RM0.615 (+11.0 sen)

BORNOIL (7036): RM0.025 (unch)

Volume: 3.02 bn (100-day avg vol: 2.68 bn)
Value: RM1.79 bn (100-day avg val: RM1.85 bn)
Market Breadth: ⬆️393 ⬇️495
Crude palm oil: RM3,949 (+RM31)

Dow Futures: 33,258 pts (+130 pts)

Source: Bloomberg, M+ Online

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