M+ Online Market Wrap - 8 Mar 22

FBM KLCI: 1,546.87 pts (-25.69pts, -1.63%)

The FBM KLCI (-1.6%) declined for the third straight session as the key index closed with steep losses in line with the slump in regional markets, on the back of persistent worries over Russia-Ukraine crisis as well as the inflationary pressure under the elevated commodity prices environment. Market breadth remained negative as the losers overwhelmed the gainers by 794-to-272 stocks. Broad-based selloff has again painted all 13 major sectorial indexes in the red, with the technology sector (-6.02%) being the top declining sector as VITROX (-90.0 sen), HONGSENG (-33.0 sen), and MPI (-376.0 sen) extended losses. 

Top 3 Active stocks:
SMTRACK (0169): RM0.105 (-6.5 sen)
DNEX (4456): RM0.935 (+0.5 sen)

HIBISCS (5199): RM1.31 (-3.0 sen)

Volume: 3.96 bn (100-day avg vol: 3.36 bn)
Value: RM3.77 bn (100-day avg val: RM2.50 bn)
Market Breadth: ⬆272 ⬇794
Crude palm oil: RM6,425 (-RM201)

Dow Futures: 32,858 pts (+76 pts)

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.