M+ Online Market Wrap - 27 Jul 22
FBM KLCI: 1,470.71 pts (+7.02pts, +0.48%)
The FBM KLCI (+0.48%) recouped the losses in the morning session as three-quarters of the heavyweights ended in the positive territory. Market breadth turned positive as the advancers outpaced the decliners by 477-to-351 stocks. The technology sector (+2.50%) rallied despite the overnight tumble in Nasdaq, fuelled by gains in UWC (+25.0 sen), FRONTKN (+17.0 sen), and INARI (+7.0 sen). Meanwhile, the utilities sector (+1.04%) gained momentum led by PETGAS (+30.0 sen) and YTLPOWR (+3.0 sen).
Top 3 Active stocks:
MTRONIC (0043): RM0.13 (+3.0 sen)
SAPNRG (5218): RM0.045 (unch)
SERBADK (5279): RM0.11 (unch)
Volume: 2.19 bn (100-day avg vol: 2.78 bn)
Value: RM1.36 bn (100-day avg val: RM2.18 bn)
Market Breadth: ⬆️477 ⬇️351
Crude palm oil: RM3,823 (+RM36)
Dow Futures: 31,902 pts (+170 pts)
Source: Bloomberg, M+ Online
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