M+ Online Market Wrap - 11 Mar 22

FBM KLCI: 1,568.22 pts (-12.31pts, -0.78%)

The FBM KLCI (-0.78%) declined after two days of rebound, following the negative cue from Wall Street overnight, with PBBANK (-4.0 sen) leading the losses. Market breadth was neutral; there were 450 gainers vs. 449 losers.The broader market traded in a negative tone, but the technology sector (+1.95%) gained momentum as investors were looking for bargains within the sector; HONGSENG (+14.0 sen), MYEG (+4.0 sen), and GREATEC (+17.0 sen) traded positively higher for the session. 

Top 3 Active stocks:
DNEX (4456): RM0.995 (-0.5 sen)
SMTRACK (0169): RM0.095 (-0.5 sen)

HIBISCS (5199): RM1.18 (-2.0 sen)

Volume: 2.42 bn (100-day avg vol: 3.31 bn)
Value: RM2.27 bn (100-day avg val: RM2.50 bn)
Market Breadth: ⬆450 ⬇449
Crude palm oil: RM6,690 (-RM271)

Dow Futures: 33,121 pts (+77 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.