M+ Online Market Wrap - 27 Nov 23

FBM KLCI: 1,448.81 pts (-5.11pts, -0.35%)

The FBM KLCI (-0.40%) ended lower in line with the regional markets as Japan's PPI levels came in higher-than-consensus expectations, coupled with the plunge in Chinese property stocks may have caused a spillover effect to the local investors. Market breadth was negative as losers more than doubled the gainers by 683-to-287 stocks. On the broader market, the Plantation sector (+0.17%) closed higher thanks to buying support in SIMEPLT (+10.0 sen) and KLK (+12.0 sen). Meanwhile, the Property sector declined -1.33% following the selling pressure in IOIPG (-8.0 sen) and UEMS (-3.0 sen).

Top 3 Active stocks:
PANDA (0290): RM0.26 (+10.0 sen)
HONGSENG (0041): RM0.025 (unch)

TOPGLOV (7113): RM0.88 (-2.0 sen)

Volume: 3.09 bn (100-day avg vol: 3.30 bn)
Value: RM2.06 bn (100-day avg val: RM2.08 bn)
Market Breadth: ⬆️287 ⬇️683
Crude palm oil: RM3,894 (+RM4)

Dow Futures: 35,383 pts (-47 pts)

Source: Bloomberg, M+ Online

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