M+ Online Market Wrap - 11 Oct 22

FBM KLCI: 1,386.82 pts (-19.18pts, -1.36%)

The FBM KLCI (-1.36%) slid below the key 1,400 level as investors braced for uncertainties ahead of the GE15. Market breadth remained negative as the decliners hammered the advancers by 786-to-197 stocks. Bearish sentiment persisted on the broader market as the technology sector (-3.14%) tumbled, tracking the downtrend movement on Nasdaq, dragged by FRONTKN (-28.0 sen), INARI (-10.0 sen), and MPI (-128.0 sen). 

Top 3 Active stocks:
MYEG (0138): RM0.885 (-2.5 sen)
ICON (5255): RM0.12 (+1.0 sen)

ASB (1481): RM0.07 (+1.0 sen)

Volume: 2.35 bn (100-day avg vol: 2.43 bn)
Value: RM1.86 bn (100-day avg val: RM1.77 bn)
Market Breadth: ⬆️197 ⬇️786
Crude palm oil: RM3,689 (-RM148)

Dow Futures: 29,011 pts (-249 pts)

Source: Bloomberg, M+ Online

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