M+ Online Market Wrap - 11 May 22
FBM KLCI: 1,555.93 pts (+1.35pts, +0.09%)
The FBM KLCI (+0.09%) eked out marginal gains despite mixed performance on Wall Street overnight, as banking stocks climbed following the OPR hike by BNM, while industrial products and selected consumer related heavyweights traded higher ahead of the earnings season. Market breadth was flat with the gainers and losers on a ratio of nearly 1-to-1. The plantation sector (+1.08%) has shown sign of recovery on the mixed broader market, led by SIMEPLT (+9.0 sen), GENP (+32.0 sen), and BKAWAN (+50.0 sen).
Top 3 Active stocks:
SERBADK (5279): RM0.06 (-1.5 sen)
TECHNAX (2739): RM0.115 (unch)
CSH (7165): RM0.125 (+1.0 sen)
Volume: 2.40 bn (100-day avg vol: 3.04 bn)
Value: RM1.91 bn (100-day avg val: RM2.35 bn)
Market Breadth: ⬆443 ⬇440
Crude palm oil: RM6,548 (+RM235)
Dow Futures: 32,379 pts (+292 pts)
Source: Bloomberg, M+ Online
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