M+ Online Market Wrap - 21 Feb 23

FBM KLCI: 1,474.01 pts (+0.55 pts, +0.04%)

The FBM KLCI (+0.04%) eked out small gains in the final trading hour in a volatile session. Market breadth, however, remained negative as the decliners thumped the advancers by 620-to-316 stocks. The healthcare sector (-1.34%) tumbled on selldown in IHH (-5.0 sen), KPJ (-6.0 sen), HARTA (-7.0 sen) as investors took profit following a results-driven surge yesterday. On the other hand, rising CPO prices put the plantation sector on traders'radar (+0.57%), propelled by SIMEPLT (+7.0 sen), KLK (+30.0 sen), and IOICORP (+2.0 sen). 

Top 3 Active stocks:
ZENTECH (0094): RM0.035 (unch)
EG (8907): RM1.07 (+21.0 sen)

MMAG (0034): RM0.02 (-0.5 sen)

Volume: 3.38 bn (100-day avg vol: 3.01 bn)
Value: RM1.85 bn (100-day avg val: RM1.97 bn)
Market Breadth: ⬆️316 ⬇️620
Crude palm oil: RM4,160 (-RM7)

Dow Futures: 33,657 pts (-209 pts)

Source: Bloomberg, M+ Online

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