M+ Online Market Wrap - 7 Feb 23

FBM KLCI: 1,476.38 pts (-14.09pts, -0.95%)

The FBM KLCI (-0.95%) slipped into the negative territory amidst mixed regional market, tracking the negative performance on Wall Street’s overnight. Market breadth remained negative as the decliners thumped the advancers by 730-to-302 stocks. The broader market was splashed in red as all 13 major sectorial indices closed lower, led by the technology sector (-3.39%) amid selldown in MYEG (-25.5 sen), FRONTKN (-10.0 sen), and D&O (-10.0 sen). 

Top 3 Active stocks:
MYEG (0138): RM0.70 (-25.5 sen)
IRIS (0010): RM0.165 (+4.0 sen)

TAWIN (7097): RM0.08 (+1.0 sen)

Volume: 5.24 bn (100-day avg vol: 2.94 bn)
Value: RM3.03 bn (100-day avg val: RM1.94 bn)
Market Breadth: ⬆️302 ⬇️730
Crude palm oil: RM3,938 (+RM87)

Dow Futures: 33,947 pts (+14 pts)

Source: Bloomberg, M+ Online

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