M+ Online Market Wrap - 19 May 22

FBM KLCI: 1,549.41 pts (-5.50pts, -0.35%)

The FBM KLCI (-0.35%) traded slightly lower amid the global rout, snapping the three-session rally as worries over global inflation weighed on investors. Market breadth was negative as the decliners trounced the advancers by 692-to-272 stocks. On the broader market, most of the sectors ended red, with the energy sector (-2.15%) taking the biggest hit as selling pressure emerged amid lower crude oil price, dragged by SAPNRG (-1.0 sen), HIBISCS (-4.0 sen), and HENGYUAN (-22.0 sen). This was followed by the technology sector (-1.52%). 

Top 3 Active stocks:
SERBADK (5279): RM0.145 (-1.5 sen)
SAPNRG (5218): RM0.065 (-1.0 sen)

TECHNAX (2739): RM0.055 (+0.5 sen)

Volume: 2.69 bn (100-day avg vol: 3.09 bn)
Value: RM2.23 bn (100-day avg val: RM2.36 bn)
Market Breadth: ⬆272 ⬇692
Crude palm oil: RM6,010 (-RM124)

Dow Futures: 31,054 pts (-386 pts)

Source: Bloomberg, M+ Online

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