M+ Online Market Wrap - 6 Jul 22

FBM KLCI: 1,420.85 pts (-19.96pts, -1.39%)

The FBM KLCI (-1.39%) plummeted througout the session in tandem with the selling pressure from Wall Street overnight; consumer and plantation heavyweights led the losses. Meanwhile, BNM has increase the OPR by 25 basis points. Market breadth remained negative as the decliners hammered the advancers by 717-to-208 stocks. All 13 sectorial indices ended lower in another broad-based rout; worst performing sectors include the energy sector (-5.11%), dragged by DIALOG (-5.0 sen), PETRONM (-71.0 sen), and HIBISCS (-7.5 sen), followed by the plantation sector (-5.04%) as both the sectors were hit by the underlying declining commodity prices. 

Top 3 Active stocks:
VELESTO (5243): RM0.09 (-1.0 sen)
HIBISCS (5199): RM0.925 (-7.5 sen)

SAPNRG (5218): RM0.045 (unch)

Volume: 2.16 bn (100-day avg vol: 3.00 bn)
Value: RM1.63 bn (100-day avg val: RM2.40 bn)
Market Breadth: ⬆️208 ⬇️717
Crude palm oil: RM3,980 (-RM194)

Dow Futures: 30,840 pts (-96 pts)

Source: Bloomberg, M+ Online

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