M+ Online Market Wrap - 27 Dec 22

FBM KLCI: 1,474.69 pts (+0.01pts, +0.00%)

The FBM KLCI (+0.00%) closed flat amid uncertainties on the global front as the market could be pricing in a potential global recession and the worsening of Covid-19 outspread in China. Market breadth remained negative as the decliners led the advancers by 491-to-392 stocks. The healthcare sector (+3.76%) jumped as sustained buying interest noticed in TOPGLOV (+10.5 sen), HARTA (+13.0 sen), and IHH (+3.0 sen) amid persisting Covid-19 woes in China. Meanwhile, the plantation sector (+2.99%) staged a strong rebound on the reopening catalyst in China. 

Top 3 Active stocks:
TOPGLOV (7113): RM0.925 (+10.5 sen)
BORNOIL (7036): RM0.025 (unch)

MTRONIC (0043): RM0.02 (-0.5 sen)

Volume: 3.06 bn (100-day avg vol: 2.69 bn)
Value: RM1.85 bn (100-day avg val: RM1.86 bn)
Market Breadth: ⬆️392 ⬇️491
Crude palm oil: RM4,098 (+RM268)

Dow Futures: 33,557 pts (+182 pts)

Source: Bloomberg, M+ Online

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