FBM KLCI: 1,629.97 pts (-11.58pts, -0.71%)

Despite stronger regional markets performance, the FBM KLCI (-0.71%) saw a pullback after reaching an intraday high of around 1,639 level, as selling pressure from Telco and Media heavyweights, namely MAXIS (-22.0 sen) and CDB (-9.0 sen), dragged down sentiment on the index. Moreover, investors might have traded cautiously ahead of key US economic data to due later tonight and rising tension in Middle East. Market breadth was negative, with losers outnumbering gainers by 610-to-410 stocks. In the broader market, the Energy sector (+4.10%) extended its gains, led by DIALOG (+6.0 sen) and DAYANG (+22.0 sen), benefiting from a spike in crude oil prices, while the Telco and Media sector (-1.75%) declined the most.

Top 3 Active stocks:
CAPITALA (5099): RM0.865 (-4.5 sen)
OCR (7071): RM0.035 (-1.0 sen)

ARMADA (5210): RM0.500 (+2.0 sen)

Volume: 3.10 bn (100-day avg vol: 4.50 bn)
Value: RM2.67 bn (100-day avg val: RM3.69 bn)
Market Breadth: ⬆️410 ⬇️610
Crude palm oil: RM4,293 (+RM111)

Dow Futures: 42,270 pts (-47 pts)

**Source: Bloomberg, M+ **

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.