M+ Online Market Wrap - 6Sep22

FBM KLCI: 1,488.27 pts (-1.53pts, -0.10%)

The FBM KLCI (-0.10%) declined for the fourth consecutive session as selling pressure picked up in the final hour. Market breadth, however, turned positive as the advancers outnumbered the decliners by 470-to-348 stocks. The energy sector (+2.96%) outperformed the broader market after OPEC+ decided to trim production for October 2022; ARMADA (+3.0 sen), DAYANG (+9.0 sen), and YINSON (+3.0 sen) led gains. Meanwhile, the technology sector rebounded 1.4% led by INARI (+6.0 sen) and MYEG (+2.5 sen). 

Top 3 Active stocks:
MTRONIC (0043): RM0.075 (unch)
MYEG (0138): RM0.835 (+2.5 sen)

SANICHI (0133): RM0.025 (unch)

Volume: 2.19 bn (100-day avg vol: 2.58 bn)
Value: RM1.65 bn (100-day avg val: RM1.85 bn)
Market Breadth: ⬆️470 ⬇️348
Crude palm oil: RM3,847 (-RM69)

Dow Futures: 31,425 pts (+113 pts)

Source: Bloomberg, M+ Online

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