M+ Online Market Wrap - 29 Mar 22

FBM KLCI: 1,583.42 pts (-14.53pts, -0.91%)
The FBM KLCI (-0.91%) extended profit-taking from the previous session in the absence of fresh catalyst. Market breadth remained negative as the decliners hammered the advancers by 550-to-358 stocks. The broader market was painted in red except for the construction sector (+0.01%). Sentiment in the technology sector (-1.46%) remained downbeat despite the overnight gains in Nasdaq as INARI (-7.0 sen), MPI (-108.0 sen), and GREATEC (-16.0 sen) succumbed to further selling pressure. 

Top 3 Active stocks:
SAPNRG (5218): RM0.04 (+0.5 sen)
CSH (7165): RM0.15 (+0.5 sen)
BSLCORP (7221): RM0.17 (-1.5 sen)

Volume: 2.61 bn (100-day avg vol: 3.19 bn)
Value: RM1.97 bn (100-day avg val: RM2.50 bn)
Market Breadth: ⬆358 ⬇550
Crude palm oil: RM6,066 (+RM88)
Dow Futures: 34,961 pts (+108 pts)

Source: Bloomberg, M+ Online

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