M+ Online Market Wrap - 24 May 22

FBM KLCI: 1,531.30 pts (-11.23pts, -0.73%)

The FBM KLCI tumbled in widespread selloff, led by banking and healthcare heavyweights amid fragile sentiment in the regional markets. Market breadth remained negative as the decliners hammered the advancers by 696-to-247 stocks. The energy sector (-3.53%) reversed its recent gains, dragged by DIALOG (-4.0 sen), HENGYUAN (-7.0 sen), and KNM (-4.0 sen), while the REIT (+0.14%) was the sole advancing sector on the broader market.  

Top 3 Active stocks:
GPACKET (0082): RM0.08 (-1.5 sen)
MNC (0103): RM0.015 (unch)

SAPNRG (5218): RM0.085 (unch)

Volume: 3.60 bn (100-day avg vol: 3.11 bn)
Value: RM2.09 bn (100-day avg val: RM2.37 bn)
Market Breadth: ⬆247 ⬇696
Crude palm oil: RM6,432 (+RM171)

Dow Futures: 31,513 pts (-326 pts)

Source: Bloomberg, M+ Online

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