M+ Online Market Wrap - 18 Aug 22
FBM KLCI: 1,516.62 pts (-1.54pts, -0.10%)
The FBM KLCI (-0.10%) booked marginal losses for the second session amid weak sentiment across the regional markets; laggards include MISC (-35.0 sen), TENAGA (-9.0 sen), and selected telecommunication heavyweights. Market breadth remained negative as the decliners outnumbered the advancers on a ratio of roughly 4-to-3. The energy sector (+1.20%) outperformed the negative broader market as crude oil price ticked higher, led by HIBISCS (+4.5 sen), ARMADA (+1.0 sen), and VELESTO (+0.5 sen).
Top 3 Active stocks:
MTRONIC (0043): RM0.05 (unch)
CNERGEN (0246): RM0.91 (+18.5 sen)
AGMO (0258): RM0.785 (+52.5 sen)
Volume: 2.51 bn (100-day avg vol: 2.68 bn)
Value: RM1.95 bn (100-day avg val: RM1.91 bn)
Market Breadth: ⬆️364 ⬇️486
Crude palm oil: RM4,104 (-RM89)
Dow Futures: 33,940 pts (-23 pts)
Source: Bloomberg, M+ Online
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