M+ Online Market Wrap - 4 Jul 22

FBM KLCI: 1,437.52 pts (-12.22pts, -0.84%)

The FBM KLCI (-0.84%) showed signs of weakening momentum from the previous session as the key index succumbed to broad-based selling pressure following Wall Street’s futures slide. Market breadth remained negative as the decliners thumped the advancers on a ratio of approximately 3-to-1. All 13 major sub-indices were painted in red; the technology sector (-2.15%) saw further downside, dragged by UNISEM (-15.0 sen), INARI (-5.0 sen), and FRONTKN (-11.0 sen). 

Top 3 Active stocks:
REACH (5256): RM0.05 (-0.5 sen)
TOPGLOV (7113): RM0.975 (-3.5 sen)

JADEM (7043): RM0.91 (unch)

Volume: 1.74 bn (100-day avg vol: 3.02 bn)
Value: RM1.08 bn (100-day avg val: RM2.41 bn)
Market Breadth: ⬆️220 ⬇️657
Crude palm oil: RM4,294 (-RM414)

Dow Futures: 30,866 pts (-195 pts)

Source: Bloomberg, M+ Online

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