M+ Online Market Wrap - 20 Dec 22

FBM KLCI: 1,467.32 pts (-9.77pts, -0.66%)

Tracking the negative performance in Japan and Hong Kong stock markets, the FBM KLCI (-0.66%) extended its losing streak as losses in the industrial products & services heavyweights outweighed gains in telecommunications and banking. Market breadth remained negative as the decliners thumped the advancers by 544-to-328 stocks. The broader market was largely in the red, with the industrial products & services sector (-1.93%) closed lower led by selldown in PCHEM (-33.0 sen), PMETAL (-21.0 sen), and LCTITAN (-3.0 sen), but the telecommunications & media sector (+0.66%) continued to advance for the second session. 

Top 3 Active stocks:
LEFORM (0266): RM0.235 (+2.0 sen)
ASB (1481): RM0.185 (-2.0 sen)

SERBADK (5279): RM0.015 (unch)

Volume: 2.77 bn (100-day avg vol: 2.68 bn)
Value: RM1.78 bn (100-day avg val: RM1.85 bn)
Market Breadth: ⬆️328 ⬇️544
Crude palm oil: RM3,872 (-RM57)

Dow Futures: 32,940 pts (-33 pts)

Source: Bloomberg, M+ Online

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