M+ Online Market Wrap - 7 Apr 22

FBM KLCI: 1,600.79 pts (-3.93pts, -0.24%)

The FBM KLCI (-0.24%) skidded in tandem with regional peers following the decline on Wall Street overnight. Market breadth turned negative as the decliners outweighed the advancers by 597-to-387 stocks. The broader market ended mostly in red, with the selloff in the local technology sector (-2.05%) deepened after Nasdaq tumbled; the laggard stocks include MPI (-120.0 sen), MYEG (-3.0 sen), and UWC (-19.0 sen). 

Top 3 Active stocks:
MBSB (1171): RM0.655 (+1.5 sen)
SMTRACK (0169): RM0.095 (+1.5 sen)

TECHNAX (2739): RM0.095 (+1.0 sen)

Volume: 3.34 bn (100-day avg vol: 3.20 bn)
Value: RM2.54 bn (100-day avg val: RM2.49 bn)
Market Breadth: ⬆387 ⬇597
Crude palm oil: RM5,822 (-RM90)

Dow Futures: 34,390 pts (-9 pts)

Source: Bloomberg, M+ Online

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