M+ Online Market Wrap - 13 Jun 22

FBM KLCI: 1,464.83 pts (-29.12pts, -1.95%)
The FBM KLCI (-1.95%) logged a downward trend for the eighth straight session, closing below the 52-week low of 1,475 level amid higher inflationary pressure and in the anticipation of more hawkish tone from the US Fed. Market breadth remained negative as the decliners overtook the advancers by 1084-to-138 stocks. Market selloff reverberated across all sectors, with the technology sector (-5.67%) being hit the hardest, dragged by HONGSENG (-22.0 sen), GREATEC (-38.0 sen), and INARI (-11.0 sen). Meanwhile, the healthcare (-3.97%) and energy (-3.94%) sectors were among the worst-performing sectors. 
 
Top 3 Active stocks:
FINTEC (0150): RM0.01 (-0.5 sen)
BCMALL (0187): RM0.025 (unch)

SAPNRG (5218): RM0.05 (unch)

Volume: 3.27 bn (100-day avg vol: 3.06 bn)
Value: RM2.26 bn (100-day avg val: RM2.45 bn)
Market Breadth: ⬆138 ⬇1084
Crude palm oil: RM5,798 (-RM122)

Dow Futures: 30,717 pts (-642 pts)

Source: Bloomberg, M+ Online

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