M+ Online Market Wrap - 7Sep22

FBM KLCI: 1,491.35 pts (+3.08pts, +0.21%)

The FBM KLCI (+0.21%) rebounded after a four-session decline, buoyed by selected industrial products & services and utilities heavyweights. Market breadth, however, was negative as the decliners trounced the advancers by 477-to-348 stocks. The energy sector (-1.70%) retreated as profit taking activities were noticed in DIALOG (-4.0 sen), HENGYUAN (-27.0 sen), and HIBISCS (-4.0 sen), while the industrial products & services sector (+0.77%) was the biggest winning sector. 

Top 3 Active stocks:
MTRONIC (0043): RM0.06 (-1.5 sen)
SAPNRG (5218): RM0.04 (-1.0 sen)

MYEG (0138): RM0.855 (+2.0 sen)

Volume: 2.37 bn (100-day avg vol: 2.60 bn)
Value: RM1.62 bn (100-day avg val: RM1.84 bn)
Market Breadth: ⬆️348 ⬇️477
Crude palm oil: RM3,716 (-RM81)

Dow Futures: 31,166 pts (unch)

Source: Bloomberg, M+ Online

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.