M+ Online Market Wrap - 9 May 22

FBM KLCI: 1,549.18 pts (-15.16pts, -0.97%)

The FBM KLCI (-0.97%) remained downbeat alongside with the weakness across regional markets as the tightening lockdown in Shanghai stoked concerns over the pace of economic growth. Market breadth stayed negative as the decliners hammered the advancers by 827-to-183 stocks. The broader market remained in the negative territory with all 13 major sectors in the red, dragged by the plantation sector (-3.30%) due to weakness in KLK (-72.0 sen), BKAWAN (-62.0 sen) and GENP (-47.0 sen).

Top 3 Active stocks:
SERBADK (5279): RM0.11 (-24.0 sen)
TECHNAX (2739): RM0.115 (-0.5 sen)

EURO (7208): RM0.19 (-3.5 sen)

Volume: 3.22 bn (100-day avg vol: 3.04 bn)
Value: RM2.03 bn (100-day avg val: RM2.34 bn)
Market Breadth: ⬆183 ⬇827
Crude palm oil: RM6,431 (+RM31)

Dow Futures: 32,441 pts (-368 pts)

Source: Bloomberg, M+ Online

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