M+ Online Market Wrap - 30 May 22

FBM KLCI: 1,543.02 pts (-3.74pts, -0.24%)

The FBM KLCI (-0.24%) bucked the regional trend and dipped into the negative territory, snapping its three-session consecutive gains as profit taking activities emerged. Market breadth remained negative as the decliners outpaced the advancers by 497-to-412 stocks. The energy sector (+1.95%) continued to rebound, led by HENGYUAN (+3.5 sen), HIBISCS (+4.0 sen), and SAPNRG (+0.5 sen) in tandem with the solid Brent oil price. Meanwhile, the technology sector (+1.61%) followed Nasdaq higher. 

Top 3 Active stocks:
G3 (7184): RM0.055 (-1.5 sen)
GPACKET (5218): RM0.08 (unch)

SAPNRG (5218): RM0.085 (+0.5 sen)

Volume: 3.05 bn (100-day avg vol: 3.14 bn)
Value: RM1.82 bn (100-day avg val: RM2.40 bn)
Market Breadth: ⬆412 ⬇497
Crude palm oil: RM6,296 (-RM57)

Dow Futures: 33,408 pts (+250 pts)

Source: Bloomberg, M+ Online

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