M+ Online Market Wrap - 26Sep22
FBM KLCI: 1,413.04 pts (-11.94pts, -0.84%)
The FBM KLCI (-0.84%) slumped for the fourth straight session as plantation, banking, and telecommunication heavyweights led losses, tracking the negative performances across the regional bourses. Market breadth remained negative as the decliners trounced the advancers by 780-to-164 stocks. The broader market has once again gone into selloff mode as all 13 major sub-indices ended inl red; the energy sector (-4.25%) tumbled due to steep selldown in YINSON (-11.0 sen), ARMADA (-2.0 sen), and VELESTO (-1.0 sen), followed by the plantation sector (-2.40%).
Top 3 Active stocks:
VELESTO (5243): RM0.12 (-1.0 sen)
TOPGLOV (7113): RM0.635 (-1.5 sen)
TAWIN (7097): RM0.05 (-1.0 sen)
Volume: 2.12 bn (100-day avg vol: 2.52 bn)
Value: RM1.85 bn (100-day avg val: RM1.82 bn)
Market Breadth: ⬆️164 ⬇️780
Crude palm oil: RM3,525 (-RM211)
Dow Futures: 29,622 pts (-47 pts)
Source: Bloomberg, M+ Online
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