M+ Online Market Wrap - 14 Jan 22

FBM KLCI: 1,555.33 pts (-14.18pts, -0.90%)

The FBM KLCI (-0.9%) swung lower and traded in the negative territory for the entire session in line with the regional markets. Market breadth remained negative as the decliners thumped the gainers on a ratio of 4-to-1. Similarly, the broader market turned deeply red, with the technology sector (-6.55%) leading the losses as MPI (-584.0 sen), UNISEM (-54.0 sen), and VITROX (-142.0 sen) remained under pressure following the slump in Nasdaq overnight, while REIT (+0.04%) was the sole gainer. 

Top 3 Active stocks:
AIRASIA (5099): RM0.62 (-12.5 sen)
SMTRACK (0169): RM0.29 (unch)

DNEX (4456): RM0.84 (-1.5 sen)

Volume: 3.61 bn (100-day avg vol: 3.82 bn)
Value: RM2.95 bn (100-day avg val: RM2.63 bn)
Market Breadth: ⬆204 ⬇828
Crude palm oil: RM5,123 (-RM38)

Dow Futures: 36,113 pts (+124 pts)

Source: Bloomberg, M+ Online

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