M+ Online Market Wrap - 19 Jan 22

FBM KLCI: 1,530.33 pts (-12.59pts, -0.82%)

The FBM KLCI (-0.8%) posted third session of declines in line with the regional peers following the negative cue from the US stock markets overnight; selling pressure persisted in banking heavyweights. Market breadth turned negative as the decliners hammered the advancers on a ratio of 3-to-1. On the bearish broader market, the technology sector (-3.97%) tumbled after a mild rebound in the previous session, dragged down by INARI (-16.0 sen), UWC (-43.0 sen), and MPI (-222.0 sen). Meanwhile, the energy sector (+1.13%) outperformed on the back of firmer crude oil price. 

Top 3 Active stocks:
EAH (0154): RM0.015 (-1.0 sen)
DNEX (4456): RM0.91 (+4.5 sen)

SCIB (9237): RM0.27 (+6.5 sen)

Volume: 3.57 bn (100-day avg vol: 3.80 bn)
Value: RM2.61 bn (100-day avg val: RM2.63 bn)
Market Breadth: ⬆258 ⬇780
Crude palm oil: RM5,169 (+RM109)

Dow Futures: 35,225 pts (-34 pts)

Source: Bloomberg, M+ Online

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