M+ Online Market Wrap - 1 Mar 22
FBM KLCI: 1,596.70 pts (-11.58pts, -0.72%)
The FBM KLCI (-0.7%) slipped into the negative territory and finished below the key 1,600 level, bucking the regional markets as investors focused on the unsettled ongoing geopolitical tension between Russia and Ukraine after the earnings season has ended. Market breadth remained negative as the losers outnumbered the gainers by 566-to-404 stocks. Meanwhile, the construction sector outperformed the negative-biased broader market, led by GAMUDA (+22.0 sen), KERJAYA (+2.0 sen), and EKOVEST (+1.0 sen).
Top 3 Active stocks:
SMTRACK (0169): RM0.225 (-1.5 sen)
CIMB (1023): RM5.29 (-42.0 sen)
ARMADA (5210): RM0.465 (-1.0 sen)
Volume: 3.21 bn (100-day avg vol: 3.42 bn)
Value: RM3.24 bn (100-day avg val: RM2.47 bn)
Market Breadth: ⬆404 ⬇566
Crude palm oil: RM6,665 (+RM366)
Dow Futures: 33,876 pts (+36 pts)
Source: Bloomberg, M+ Online
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